The gold standard probably made the Great Depression more severe in the United States because
A) the value of gold declined sharply during those years.
B) the existence of the gold standard kept prices from falling.
C) the money supply in the United States increased rapidly as gold flowed into the country.
D) the Fed attempted to reduce gold outflows by raising the discount rate.
Correct Answer:
Verified
Q62: In the early 1930s
A)countries that abandoned the
Q63: Under the Bretton Woods system, an asymmetry
Q64: The promise that was to hold the
Q65: At the 1976 IMF conference in Jamaica,
A)the
Q66: The formal name of the World Bank
Q68: Under the Bretton Woods system, the value
Q69: Under the Bretton Woods system, exchange rates
Q70: Why has the IMF come in for
Q71: Which of the following was NOT considered
Q72: The fixed exchange rates of the Bretton
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents