Under a Gold Standard, a Balance of Payments Deficit Automatically

question 194

Multiple Choice

Under a gold standard, a balance of payments deficit automatically

• A)raised interest rates.
• B)decreased exports.
• C)increased domestic prices.
• D)increased imports.

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Definitions:

Equation

A mathematical statement that asserts the equality of two expressions, often containing one or more variables.

Solution

The outcome of solving a problem or equation, often referring to the value or values that satisfy the given conditions.

Linear Equation

A mathematical statement where the sum of two variables is equal to a constant, forming a straight line when graphed.

Solve

The process of finding the values that satisfy an equation or inequality.