In the early 1930s
A) countries that abandoned the gold standard suffered severe inflation.
B) countries that tried to defend the gold standard suffered more depression than countries that abandoned the gold standard.
C) the gold standard was abandoned by every major industrial country except England.
D) the United States was the first major industrial country to abandon the gold standard.
B
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The monetary efficiency
A) loss from pegging the Norwegian krone to the euro (for example) will be higher if factors of production can migrate freely between Norway and the euro area. B) gain from pegging the Norwegian krone to the euro (for example) will be lower if factors of production can migrate freely between Norway and the euro area. C) gain from pegging the Norwegian krone to the euro (for example) will be higher if factors of production can not migrate freely between Norway and the euro area. D) gain from pegging say the Norwegian krone to the euro (for example) will be higher if factors of production can migrate freely between Norway and the euro area. E) gain or loss from pegging the Norwegian krone to the Euro cannot be predicted using the available information.
The Consumer Price Index (CPI) is a weighted average of all the prices paid by households for goods and services
a. True b. False
What does the law of comparative advantage indicate?
What will be an ideal response?
If the frictional unemployment rate is 2 percent, the structural unemployment rate is 3 percent, and the overall unemployment rate is 9 percent, how much is the cyclical unemployment rate?
What will be an ideal response?