A problem with the operation of the gold standard in the world economy was that
A) it involved too much government intervention in the economy.
B) the world economy was subject to too much inflation.
C) a country did not have control of its domestic monetary policy.
D) it caused the Great Depression.
C
Economics
You might also like to view...
Explain whether the statement, "There is life on Mars," is a normative or positive statement
What will be an ideal response?
Economics
All of the following are reasons average workers in the United States today produce more than their counterparts a century ago EXCEPT that the modern worker:
A. is better educated. B. has more physical capital to work with. C. has better technology to work with. D. works longer hours.
Economics