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    Exam 19: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    Under the Gold Standard, If Gold Was Flowing from the U.S
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Under the Gold Standard, If Gold Was Flowing from the U.S

Question 265

Question 265

Multiple Choice

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


A) lower interest rates
B) increasing aggregate demand
C) lower prices
D) rising income

Correct Answer:

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