Under the gold standard, a country experiencing a gold outflow
a. has a balance of payments surplus.
b. had an increasing money supply.
c. experienced a decline in output.
d. experienced an increase in output.
c. experienced a decline in output.
Economics
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When a person makes price comparisons among products, money is being used as a(n)
A) unit of account. B) standard of quality. C) medium of exchange. D) checkable deposit.
Economics
Which of the following would increase labor productivity?
a. A labor deepening production method b. A decrease in the amount of capital per unit of labor c. A lower unemployment rate d. Recruitment of new and young labor force e. An increase in the education level of per unit of labor
Economics