It is said that the gold-exchange system was programmed to collapse in the long run.To satisfy the growing need for reserves,the United States had to run balance-of-payments deficits continuously.Yet,if the United States ran perennial balance-of-payments deficits,it would eventually impair the public confidence in the dollar.This dilemma was known as the
A) Triffin paradox
B) Triffin dilemma
C) Mundell paradox
D) Mundell dilemma

Question

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The Answer of It is said that the gold-exchange system was programmed to collapse in the long run.To satisfy the growing need for reserves,the United States had to run balance-of-payments deficits continuously.Yet,if the United States ran perennial balance-of-payments deficits,it would eventually impair the public confidence in the dollar.This dilemma was known as the
A) Triffin paradox
B) Triffin dilemma
C) Mundell paradox
D) Mundell dilemma

It Is Said That the Gold-Exchange System Was Programmed to Collapse