Under the Gold Standard

question 143

Multiple Choice

Under the gold standard,

• A)no nation had control of its domestic monetary policy, and therefore no nation could control its aggregate demand.
• B)the world's commerce was at the mercy of gold discoveries.
• C)discoveries of gold meant higher prices in the long run and higher real economic activity in the short run.
• D)All of the above are correct.

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Definitions:

Sociologists

Social scientists who study the development, structure, and functioning of human society and the behavior of individuals within society.

Ethnic Ties

The connections and relationships among individuals or groups sharing common racial, national, tribal, religious, linguistic, or cultural origins.

Second Generation

Individuals who are the children of immigrants, typically born and raised in the host country of their parents.

Athleticism

The physical abilities and traits that contribute to proficiency in sports and physical activities, including strength, agility, and stamina.