Countries that abandoned the gold standard early in the Great Depression suffered an average decline in production of 3 percent between 1929 and 1934
Countries that stayed on the gold standard until 1933 or later suffered an average decline in production of
A) 12 percent. B) 18 percent. C) 24 percent. D) > 30 percent.
D
Economics
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The government spending multiplier is equal to the tax multiplier
Indicate whether the statement is true or false
Economics
Which of the following would shift the demand curve for gasoline to the right?
a. a decrease in the price of gasoline b. an increase in consumer income, assuming gasoline is a normal good c. an increase in the price of cars, a complement for gasoline d. a decrease in the expected future price of gasoline
Economics