Positive-negative effects of reversing the current policy


Question:

Make the argument, pro's and con's, for returning to the gold standard. List the positive and negative effects of reversing the current policy. E.g., How might this affect international trade? Our trade balance? Our currencies value vis a vis other currencies? Why did the US abandon the standard in the first place?

Fully identify the factors that such a change would affect.

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Microeconomics: Positive-negative effects of reversing the current policy
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