An article in the New York Times states, On Aug. 15, 1971, President Nixon unhitched the value

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An article in the New York Times states, "On Aug. 15, 1971, President Nixon unhitched the value of the dollar from the gold standard." Is the author of this article correct that the United States abandoned the gold standard in 1971? What led President Nixon to take the action described in the article?
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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