Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research. stlouisfed.org/fred2/) and
Question:
a. What explains the relative stability of the price of gold from 1968 to 1971?
b. What implications do the movements in gold prices since 1971 have for an attempt by the United States and other countries to reestablish a gold standard?
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a On April 1 1968 the price of gold was 38 per ounce On Oct...View the full answer
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