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Unformatted text preview: B. the price elasticity of the demand for imports. C. the price elasticity of the supply of imports. D. the income elasticity of the supply of imports. 32. During the period between World War I and World War II, the political reality was characterized by A. halfhearted attempts and failure to restore the gold standard. B. political instabilities and bank failures. C. panicky flights of capital across borders. D. all of the above 33. At the outbreak of World War I A. major countries such as Great Britain, France, Germany and Russia suspended redemption of banknotes in gold. B. major countries such as Great Britain, France, Germany and Russia imposed embargoes on the export of gold. C. the classical gold standard was abandoned. D. all of the above...
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This note was uploaded on 11/09/2011 for the course FIN IFMG201 taught by Professor Eun during the Spring '11 term at Michigan Flint.
- Spring '11