Under a Gold Standard, If a Country's Exports Exceed Its

Multiple Choice

Under a gold standard, if a country's exports exceed its imports, its gold stock _____, leading to a(n) _____ in expenditures and a(n) _____ in _____.

A) declines; reduction; reduction; exports
B) declines; increase; reduction; imports
C) increases; increase; increase; imports
D) increases; increase; reduction; imports