Under a gold standard, if the price of an ounce of gold is 1,400 U.S. dollars and

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Under a gold standard, if the price of an ounce of gold is 1,400 U.S. dollars and 1,300 Canadian dollars, what is the exchange rate between U.S. and Canadian dollars?

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International Economics Theory and Policy

ISBN: 978-0273754206

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

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Posted Date: Dec 05, 2020 12:15 AM

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Under a gold standard, if the price of an ounce of gold is 1,400 U.S. dollars and

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International Economics Theory and Policy

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