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Chako Chako
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8 years ago
Under the gold standard
A) a shortage of currency leads to low domestic prices but leaves the foreign balance of payments at equilibrium.
B) a shortage of currency leads to low domestic prices and a foreign payments deficit.
C) a shortage of currency leads to a perpetual surplus.
D) a shortage of currency leads to high domestic prices and a foreign payments surplus.
E) a shortage of currency leads to low domestic prices and a foreign payments surplus.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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#2
8 years ago
Correct!
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#3
7 years ago
Don't forget to vote my answer as best Nerd Face
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