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1.Which of the following does not correctly describe the gold standard? A)The gold standard leads to long run price stability. B)The gold standard puts undesirable

1.Which of the following does not correctly describe the gold standard?

A)The gold standard leads to long run price stability.

B)The gold standard puts undesirable constraint on the use of monetary policy to fight unemployment.

C)The gold standard reduces international transaction costs.

D)The gold standard creates no speculation.

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