When gold production was low in the 1870s and 1880s,the money supply grew ________ causing ________.

Name: When gold production was low in the 1870s and 1880s,the money supply grew ________ causing ________.
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When gold production was low, the money supply grew slowly because gold was a basis for many currencies. A slow growth in the money supply would lead to deflation, not inflation, as there would be less money chasing the same amount of goods and services.

When Gold Production Was Low in the 1870s and 1880s,the