Under a gold standard, if a country's exports exceed its imports, its gold stock _____, leading to a(n) _____ in expenditures and a(n) _____ in _____.

Question

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Under a gold standard, if a country's exports exceed its imports, it gains gold, increasing its gold stock. This increase in gold leads to an increase in the money supply, which can increase expenditures and imports.

Under a Gold Standard, If a Country's Exports Exceed Its