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:

Approach

The method or process taken towards dealing with a problem or task.

Avoidance

A behavioral or psychological strategy to disengage or prevent encountering distressing situations, thoughts, or feelings.

Lewin

A psychologist known for his contributions to social, organizational, and applied psychology, including the development of field theory.

Approach/Approach Conflict

A decision-making dilemma involving two desirable options, causing psychological stress.