Adhering to a Strict Gold Standard Necessarily Means That

question 89

Multiple Choice

Adhering to a strict gold standard necessarily means that

• A)each nation can vary its money supply in response to domestic economic conditions.
• B)no country will experience inflation.
• C)no country will have control over its monetary policy.
• D)no country will experience deflation.

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Definitions:

Unpleasant Consequence

A negative outcome or result that follows a specific action or condition.

Negative Reinforcement

A process in behavioral psychology where the removal of an undesirable outcome strengthens the behavior leading to its removal.

Expectations

Beliefs or forecasts about future events, which can significantly influence current behavior and decision-making processes.

Desirable Behaviour

Actions or conduct that are considered advantageous, beneficial, or appropriate according to societal, organizational, or personal standards.