Under the gold standard, a nation with a balance of payments deficit would experience a gold:
A. inflow and an increase in its money supply.
B. inflow and a reduction in its money supply.
C. outflow and an increase in its money supply.
D. outflow and a reduction in its money supply.
Answer: D
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Refer to the above table. The equilibrium price of tablets is
A) $500. B) $550. C) $650. D) $700.
?Exhibit 10A-1 Aggregate demand and supply model
Based on Exhibit 10A-1, when the aggregate demand curve shifts to the position AD2 and the economy is operating at point E2, the economy's position of long-run equilibrium corresponds to point:
A. E1. B. E2. C. E3. D. E1 or E3.
If the money supply in an economy is $300, the price level is $4, and real GDP is $1,500, what is the nominal value of output?
What will be an ideal response?
When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:
A. output, causing it to definitely decrease. B. prices, causing them to definitely rise. C. output, causing it to definitely increase. D. prices, causing them to definitely fall.