Under the Classic Gold Standard,if Prices Began Rising in the U.S

question 16

Multiple Choice

Under the classic gold standard,if prices began rising in the U.S.

• A)the dollar value of the pound would rise
• B)the dollar value of the pound would fall
• C)the U.S.would begin running a balance of trade surplus
• D)gold would flow out of the U.S.and the U.S.money supply would drop

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