How might being on a gold standard, Microeconomics

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How might being on a gold standard

Problem

Hypothetically, the United States enters another significant recession. How might being on a gold standard, where the Federal Reserve doesn't have the ability to create money, affect the length and severity of the recession? Use the Equation of Exchange as the basis of your response.

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Microeconomics: How might being on a gold standard

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Microeconomics: How might being on a gold standard

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