What would happen to the money supply in the two countries

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Under the gold standard, if Britain became more productive relative to the United States, what would happen to the money supply in the two countries?

Why would the changes in the money supply help preserve a fixed exchange rate between the United States and Britain?

Reference no: EM13288745

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What would happen to the money supply in the two countries : Under the gold standard, if Britain became more productive relative to the United States, what would happen to the money supply in the two countries?

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