1. The price of gold fell from $608/ounce in 1980 to $317/ounce in 1985. The price of crude oil fell from $41/barrel in 1981 to $8/barrel in 1985. The interbank interest rate rose to 19 percent in...




1. The price of gold fell from $608/ounce in 1980 to $317/ounce in 1985. The price of crude oil fell from $41/barrel in 1981 to $8/barrel in 1985. The interbank interest rate rose to 19 percent in 1981. Graphically explain these developments in terms of changes in money supply.







May 19, 2022
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