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Quiz
Related Lesson
Hayek on the Gold Standard and Commodity Reserve Currency
Knowledge Check
Knowledge Check
Question 1 of 5
Which one of these did Hayek think was a disadvantage of a gold standard:
The standard was based on clear and predictable rules
Changes in the demand for money caused the supply of gold to change only slowly
Gold had a higher demand in non-money uses, like jewelry
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Related Courses
Course
Great Economists: Classical Economics and Its Forerunners
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