Under the Gold Standard, a Nation with a Private Balance

question 76

Multiple Choice

Under the gold standard, a nation with a private balance of payments surplus would experience:

• A)higher interest rates, lower inflation, and lower output.
• B)lower interest rates, lower inflation, and lower output.
• C)higher interest rates, higher inflation, and higher output.
• D)lower interest rates, higher inflation, and higher output.

---

Definitions:

Stereotypes

Oversimplified generalizations about a group of people that often ignore individual differences, sometimes resulting in prejudiced attitudes or discriminatory actions.

Prejudicial

Showing prejudice or bias, leading to unfair treatment or judgments of others based on preconceived opinions rather than individual merit.

Inflexible

Lacking adaptability or willingness to change; often describes individuals, systems, or processes that are rigid and not easily modified.

Generalizations

Broad statements or beliefs that apply to a group based on observations from specific examples or experiences.