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Quiz
· Friedrich A. Hayek’s Individualism and Economic Order
· 16 of 24
Great Economists: Classical Economics and Its Forerunners
Knowledge Check
Question 1 of 5
Which one of these did Hayek think was a disadvantage of a gold standard:
a.
The standard was based on clear and predictable rules
b.
Changes in the demand for money caused the supply of gold to change only slowly
c.
Gold had a higher demand in non-money uses, like jewelry
Check Answer
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