Under a Gold Standard,if the Market Price of Gold Is

Multiple Choice

Under a gold standard,if the market price of gold is below the official price of gold (set by the monetary authority) ,people will be more likely to sell gold __________________,which will cause the money supply to _______________ and the price level.to _______________.

A) to the monetary authority; fall; fall
B) to the monetary authority; rise; rise
C) in the gold market; fall; fall
D) in the gold market; rise; rise