A major problem under the gold standard was the inability to adjust the money supply to economic expansion
a. true
b. false
Ans: a. true
You might also like to view...
Which of the following was not a factor that contributed to improved productivity from 1995 to 2009?
A. Surging investment B. Falling energy prices C. Advances in information technology D. Decreased costs for higher education
Which of the following actions would the Fed take to fight inflation?
(A) Increase the money supply. (B) Reduce the money supply. (C) Increase government spending. (D) Raise taxes.
If an excise tax is imposed on a good, then the supply curve
A. shifts up by the amount of the tax. B. does not change. C. shifts up by the amount of the demand elasticity. D. shifts down by the amount of the tax.
Defenders of growth say that it is the primary path to raising living standards.
Answer the following statement true (T) or false (F)