Some economic historians have noted that during the period of the gold standard, gold discoveries were most

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Some economic historians have noted that during the period of the gold standard, gold discoveries were most likely to occur after a long deflation. (The discoveries of 1896 are an example.) Why might this be true?

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Macroeconomics

ISBN: 978-1464168505

5th Canadian Edition

Authors: N. Gregory Mankiw, William M. Scarth

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Question Posted: Dec 31, 2015 01:34 AM

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Some economic historians have noted that during the period of the gold standard, gold discoveries were most

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Deflation is defined as a fall in the general price level which is the same as a rise ...View the full answer

Macroeconomics

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