List the Drawbacks of the Gold Standard

question 11

Essay

List the drawbacks of the gold standard.

---

Definitions:

Best Practices

Established methods or techniques that have been proven to lead to superior results and are used as benchmarks.

Governmental Politics Model

A framework analyzing policy decisions as the outcome of bargaining and power struggles among various stakeholders within the government.

Unitary Decision-Maker

signifies an individual or entity that makes decisions singularly without the need for consensus or input from others.

Organizational Process Model

A framework that describes how business processes are structured and managed within an organization to achieve its goals.