Under the Gold Standard, If a Country Imported More Than

question 139

Multiple Choice

Under the gold standard, if a country imported more than it exported:

• A) the deficit had to be covered with its inventory of gold.
• B) the deficit was balanced with a surplus in its capital account.
• C) the deficit was balanced by increasing the money supply.
• D) the trade deficit would have to be balanced with a fiscal budget surplus.

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Definitions:

War Of The Ghosts

"War of the Ghosts" is an experiment by Frederic Bartlett that demonstrated how memory reconstruction is influenced by personal biases and cultural context.

False Memory

“Recollections” of “events” that never in fact occurred. See also recovered memory and repressed memory.

Barsalou's Studies

Likely refers to research conducted by Psychologist Lawrence W. Barsalou, known for his work on cognitive psychology, particularly concepts and categorization.

False Memories

Memorable events that did not actually happen or are distorted recollections of what happened.