Under the gold standard, a country had little control over its own money supply.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Which of the following is true about a nation’s production possibilities curve?
a. a point inside the curve is a combination of products that is currently impossible to produce. b. a point outside the curve is a combination of products that is below capacity. c. a rightward shift of the curve illustrates economic growth. d. full employment is illustrated by a point inside the curve.
Refer the above figure. Stage "1" of the economy is called
A) the top. B) the peak. C) the trend. D) the climax.
In which case would people desire to borrow the most?
a. the nominal interest rate is 8% and the inflation rate is 7% b. the nominal interest rate is 7% and the inflation rate is 5% c. the nominal interest rate is 6% and the inflation rate is 3% d. the nominal interest rate is 5% and the inflation rate is 1%
Private saving is the ______.
a. amount of income households have left after consumption and taxes, plus transfer payments b. amount of income the government has left over after paying for its spending c. theory that government borrowing drives up the interest rate and lowers consumption d. practice of using corporate profits for capital investment rather than dividend payouts