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The reliance the European economies placed on the gold standard as a way of mitigating trade imbalances was a disadvantage during economic downturns, as the

The reliance the European economies placed on the gold standard as a way of mitigating trade imbalances was a disadvantage during economic downturns, as the only way to combat inflation and drive down wages was Group of answer choices strong protectionist policies. relying on the banks and interest rates. encouraging the people to buy less. allowing unemployment to do the job. government imposed price controls

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