There are fundamentally two possible changes in an economy that will each cause inflation unless other compensation changes also occur. These changes are either reductions in the suppy of goods and services or increases in demand. In a prebanking economy the quantity of money avalible, and hence the level of demand, is equivalent to the quantity of gold avalible.
If the statement above are true, then it is also true that in a prebanking economy
(a) any inflation is the result of reductions in the supply of goods and services
(b) if other factors in the economy are unchanged, increasing the quantity of gold avalible will lead to inflation.
(c) if there is a reduction in the quantity of gold avalible, then, other things being equal, inflation must result.
(d) the quantity of goods and services purchasable by a given amount of gold is consistant.
(e) whatever changes in demand occur, there will be compensating changes in the supply of goods and services.
Ans. : B
可是我怎麼想答案都是C(剛好跟b是相反的狀況), 原因是hence the level of demand應該是指money, 所以我推測gold應該是supply, 根據題目敘述, 我推論當gold的數量變少時, 會發生inflation. 而且我努力回憶大學學的經濟學, 好像這樣比較合理....
麻煩各位幫忙解惑 !! 感激不盡 !!!