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Which of the following statements is most accurate? Question 22 options: In terms of the monetary policy trilemma, the gold standard allowed high degrees of
Which of the following statements is most accurate? Question 22 options: In terms of the monetary policy trilemma, the gold standard allowed high degrees of exchange rate stability and international financial capital mobility but did not allow monetary policy to pursue internal policy goals. As the depression that started in 1929 continued with growing unemployment, many countries adopted the gold standard to maintain internal balance. The world economy integrated into increasingly self-sufficient national units in the early 1930s. The Smoot-Hawley tariff imposed by the United States in 1930 was intended to protect American jobs to reduce the damaging effect of the war on employment abroad. All of the above statements are correct
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