Most Economists Do Not Advocate a Return to the Gold

question 103

Multiple Choice

Most economists do not advocate a return to the gold standard because:

• A) it forces the central bank to fix the price of something we don't really care about while other prices can fluctuate a lot.
• B) past willingness to exit the Gold Standard casts doubt on the credibility of committing to it again.
• C) inflation will depend on the rate that gold is mined.
• D) all of the answers given are correct.

Understand the concept of correlation and its application in predicting relationships between variables.

Distinguish between different research methods (e.g., experimental, correlational, surveys) and their purposes.

Recognize the importance of sample representativeness in research findings' generalization.

Interpret the statistical measure of correlation and its implications for determining the direction and strength of relationships.