An Important Problem with the Gold Standard Was That

question 90

Multiple Choice

An important problem with the gold standard was that

• A) it was too complicated and restricted business activity.
• B) a country did not have control of its domestic monetary policy.
• C) exchange rates tended to fluctuate a great deal, making it difficult for businesses to make long-run plans.
• D) one country could easily manipulate the system to its advantage and the disadvantage of other countries.

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Definitions:

Shaping

A method used in behavioral psychology to gradually train or teach an organism to perform a specific behavior by reinforcing successive approximations of the target behavior.

Reminders

Alerts, prompts, or cues used to recall or recognize information, tasks, or responsibilities that might otherwise be forgotten.

Treats

Small rewards or gifts given to someone or oneself, usually as a form of positive reinforcement or celebration.

Fixed Ratio Schedule

A schedule of reinforcement where a response is reinforced only after a specified number of responses, offering predictable reinforcement patterns.