If the US Were to Revert to a Gold Standard, Trade Deficits

question 68

Multiple Choice

If the U.S. were to revert to a gold standard, trade deficits would:

• A) result in gold reserves in the U.S. increasing.
• B) result in higher domestic interest rates.
• C) quickly disappear.
• D) result in high inflation.

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Definitions:

Dependability

The quality of being trustworthy and reliable, consistent in performance or behavior.

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The recurrent behaviors and interactions that characterize the relationships between friends, often influenced by social, cultural, and individual factors.

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Proximity

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