Microeconomics 9th Edition by Stephen Slavin

تمرين 51

Suppose the world was on the gold standard. If Peruran persistent trade deficits,-------.
A) Peru would be able to continue doing so with no consequences
B) Peru's money stock would decline, its prices would fall, and its trade deficit disappear
C) Peru would soon suffer from inflation
D) Peru would raise tariffs and prohibit the shipment of gold from the country