If gold is used as money in an economy, the money supply is easy to control

Whenever income is less than expenditure for a period of time, a nation will experience:

A) a deficit in its current account B) A surplus in its current account C) A fall in GDP D) None of the above

A shortage occurs if borrowers want more loanable funds than savers want to supply

a. True b. False Indicate whether the statement is true or false