Under the gold standard,if gold was flowing from the U.S.to Great Britain,the U.S.would experience all of the following EXCEPT

Question

Quizplus · Accepted Answer

When gold flows out of a country under the gold standard, it reduces the country's money supply, leading to lower aggregate demand, higher interest rates, and falling income. However, higher prices are not typically associated with gold outflows under the gold standard. Instead, a decrease in the money supply tends to lead to deflation.

Under the Gold Standard,if Gold Was Flowing from the U