Balance of Payments Adjustment Under the Gold Standard Is Now

question 8

Multiple Choice

Balance of payments adjustment under the gold standard is now believed to have occurred primarily through:

• A)the price-specie-flow mechanism
• B)gold shipments
• C)stabilizing short-term capital flows and changes in national incomes
• D)free trade

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Definitions:

Capitalist Aims

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Self-Fulfilling Prophesy

A forecast that, through a cycle of self-reinforcement, becomes a reality because of the interaction between conviction and action.

Classic And Contemporary Research

Involves the study and application of key findings and methodologies from both historical and modern academic inquiries across disciplines.

Intersections Of Race

The concept that explores how racial identity intersects with other social categories such as gender, class, and sexuality, affecting individuals' experiences and opportunities.