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.

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Definitions:

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Mutual exchange of privileges, benefits, or actions between parties, where each party provides something of value to the other.

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Romantic relationships that occur between individuals who belong to different social, ethnic, or racial groups, often explored in the context of social acceptance and prejudice.

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