As the world economy grew during the 1920s, the gold standard proved to be:
A) a real problem because the quantity of gold could not keep pace with economic expansion, resulting in severe deflation.
B) a boon to importers and exporters.
C) highly inflationary.
D) well-suited to new methods of transferring gold stocks between nations.
Ans: A) a real problem because the quantity of gold could not keep pace with economic expansion, resulting in severe deflation.
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The unemployment rate measures the percentage of
A) people who want full-time jobs, but can't find them. B) the working-age population who can't find a job. C) people in the labor force who can't find a job. D) the working-age population that can't find a full-time job. E) employed people who can't find a job.
The World Bank is an international agency that lends money to individual countries for projects that promote economic development.
Answer the following statement true (T) or false (F)