Under the gold standard
A) a perpetual surplus is possible.
B) a perpetual deficit is possible.
C) a perpetual surplus is impossible, but a perpetual deficit is possible.
D) a perpetual deficit is impossible, but a perpetual surplus is possible.
E) a perpetual surplus is impossible.
E
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Which type of price discrimination results in the highest profits for firms?
A. First-degree price discrimination B. Second-degree price discrimination C. Third-degree price discrimination D. Regular price discrimination
The middle class in the United States has _______ since the late 1960s.
A. stayed the same B. decreased C. increased a great deal but then declined D. increased slightly
The union would have a better bargaining position in the negotiations if
a. The firm can hire individual workers at a lower wage b. The union has low wage workers who cannot afford to be off work c. The union has a strike fund to pay workers during work stoppage actions d. The firm can easily replace workers with machinery
The CPI basket of goods represents those goods and services purchased by urban consumers because it represents:
A. over 80 percent of our population. B. over 90 percent of our population. C. 78 percent of our population. D. 60 percent of our population.