1. Consider the early modern period. If the US ran a trade surplus, specie would flow ___ US markets. Group of answer choices A. into B. out of 2. Suppose banks become more conservative in their note issuance. This would likely cause ___. A. inflationary pressures B. deflationary pressures C. no change in prices 3. Suppose that individuals become more confident in the banking system. This would likely cause ___. A. inflationary pressures B. no change in prices C. deflationary pressures 4. Historically, American populism tended to support loose monetary policy." A. True B. False 5. "Government intervention always results in higher total surplus." A. True B. False