A Problem with the Operation of the Gold Standard in the World

question 126

Multiple Choice

A problem with the operation of the gold standard in the world economy was that

• A) it involved too much government intervention in the economy.
• B) the world economy was subject to too much inflation.
• C) a country did not have control of its domestic monetary policy.
• D) it caused the Great Depression.

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Definitions:

Processed

Refers to information, materials, or data that has been analyzed, manipulated, or modified in some manner.

Attended To

Focused on or paid special attention to; involves the allocation of cognitive resources towards specific stimuli or tasks.

Dichotic Listening Task

An experimental task used in psychology to study selective attention and the lateralization of brain function, involving presenting two different auditory messages simultaneously, one to each ear.

Attenuation Theory

A model of attention in which unattended perceptual events are transmitted in weakened form but not blocked completely before being processed for meaning.