A return to the gold standard,that is,using gold for money will ________ the ________ for gold,________ its price,everything else held constant.
A)increase;demand;increasing
B)decrease;demand;decreasing
C)increase;supply;increasing
D)decrease;supply;increasing

Question

Quizplus · Accepted Answer

A return to the gold standard would increase the demand for gold as it would become an essential component of the monetary system. This increase in demand would lead to an increase in its price, everything else held constant. Therefore, the correct choice is A.

A Return to the Gold Standard,that Is,using Gold for Money