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:

Dehydration

The condition resulting from excessive loss of body water, impairing normal bodily functions.

Blood Clots

Semi-solid masses of blood that form as a result of the coagulation process, which prevents excessive bleeding when blood vessels are injured.

Coagulation

The process of blood clotting, which is vital for stopping bleeding and initiating wound healing.