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During the 1930s, Those Counties

Question 19

Multiple Choice

During the 1930s, those counties


A) that abandoned the gold standard early in the Depression fared much worse than those that clung to gold.
B) that clung to their gold parities found themselves forced to lower interest rates and expand their money supplies in order to avoid large gold losses.
C) that abandoned the gold standard early in the Depression fared much better than those that clung to gold.
D) that abandoned the gold standard and floated their exchange rates were not able to avoid deflation.

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