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

Name: Under the gold standard, if gold was flowing from the U.S. to Great Britain, the U.S. would experience which of the following?
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Question

Quizplus · Accepted Answer

Under the gold standard, when gold is flowing out of a country, it reduces the money supply in that country. As a result, prices tend to fall, which helps to restore the balance of trade. Therefore, the U.S. would experience lower prices.

Under the Gold Standard, If Gold Was Flowing from the U.S