Under the Bretton Woods System,when a Country Adopted an Expansionary

question 89

Multiple Choice

Under the Bretton Woods system,when a country adopted an expansionary monetary policy,thereby causing a balance of payments ________,the country would eventually be forced to implement ________ monetary policy.

• A)deficit;expansionary
• B)deficit;contractionary
• C)surplus;expansionary
• D)surplus;contractionary

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Definitions:

Metastatements

Communications that provide commentary about other statements, often clarifying or interpreting them.

Persuasive Arguments Theory

View that people in groups are persuaded by novel information that supports their initial position, and thus become more extreme in their endorsement of their initial position.

Authoritative

Pertaining to or exhibiting authority; often related to a commanding or perceptive presence or figure.

Conviction

A firmly held belief or opinion, or the formal declaration that someone is guilty of a criminal offense based on a trial or plea.