Which of the following does not correctly describe the gold standard? The gold standard leads to long
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Question:
Which of the following does not correctly describe the gold standard?
- The gold standard leads to long run price stability.
- The gold standard puts undesirable constraint on the use of monetary policy to fight unemployment.
- The gold standard reduces international transaction costs.
- The gold standard creates no speculation.
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Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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