Social Studies, 15.10.2019 21:30 jaidencoolman7072

Which statement about the prewar gold standard is false?
a) the overall money supply depended on gold discoveries, not the size of the world economy.
b) the price level was stable, in both the short and long run.
c) countries engaged in "beggar thy neighbor" policies to acquire a larger share of gold reserves.
d) a country with a balance of payments deficit would have to shrink its money supply.
e) a country with a balance of payments surplus would have to expand its money supply.

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Which statement about the prewar gold standard is false?
a) the overall money supply depende...