Under the gold standard, a country that is experiencing a gold outflow
a. has a balance of payments deficit.
b. has a shrinking money supply.
c. is experiencing a fall in output.
d. All of these.
d. All of these.
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If a country wants to keep a foreign currency overvalued against the domestic currency:
A) it will buy both the foreign and domestic currency. B) it will sell both the foreign and domestic currency. C) it will buy the domestic currency and sell the foreign currency. D) it will buy the foreign currency and sell the domestic currency.
Something that would cause the long-run aggregate supply curve to shift to the right would be:
A. technological advance. B. discovery of a new oil reserve. C. increase in the growth rate of the labor force. D. All of these would shift the long-run aggregate supply curve to the right.
Explain how an increase in American interest rates will lead to an appreciation of the U.S. dollar vis-à-vis the British pound
Under the buy one, get one free regime, the:
A. budget set expands. B. price is reduced by 50 percent. C. budget line rotates counterclockwise. D. indifference curve is changed.