Under a gold standard, a balance of payments surplus automatically
a. raised interest rates.
b. increased exports.
c. increased domestic prices.
d. decreased imports.
c
Economics
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Assume the graph shown represents the market for pizzas sold in an hour. If the original equilibrium was D and S1. Which of the following is true when S1 shifted to S2?
A. Equilibrium price decreased by $5.
B. Equilibrium quantity increased by 20.
C. Equilibrium price increased by $5.
D. Equilibrium quantity increased by 30.
Economics
Member banks of the Federal Reserve System
A. advise the Fed on monetary policy. B. are immune from the effects of monetary policy. C. vote on members of the Board of Governors. D. have little control over the system they “own.”
Economics