(Answered) The us was on a gold standard from 1879 to 1933 which of

Economics

The U.S. was on a "gold standard" from 1879 to 1933. Which of the following was a a major disadvantage of being on the gold standard from an economic point of view?

(a) the fixed exchange rate made international trade and investment easier.

(b) the price of gold varied according to how much gold the government bought.

(d) it causes the currencies on the gold standard to appreciate and makes their trade deficits larger.

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