The gold standard's "rules of the game" required central bankers in a trade deficit nation to expand the money supply,leading to falling interest rates and net investment outflows.

Question

Quizplus · Accepted Answer

The gold standard's "rules of the game" required central bankers in a trade deficit nation to contract the money supply, leading to rising interest rates and net investment inflows to correct the trade imbalance.

The Gold Standard's "Rules of the Game" Required Central Bankers