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Under the gold standard,
A.a perpetual surplus isB.a perpetual deficit isC.a perpetual surplus is impossible, but a perpetual deficit isD.a perpetual deficit is impossible, but a perpetual surplus isE.a pe...
Under the gold standard,
A.a shortage of currency leads to low domestic prices and a foreign payments surplus.B.a shortage of currency leads to high domestic prices and a foreign payments surplus.C.a short...