GMAT
There are fundamentally two possible changes in an economy that will each cause inflation unless other compensating changes also occur. These changes are either reductions in the supply of goods and services or increases in demand. In a pre-banking economy the quantity of money available, and hence the level of demand, is equivalent to the quantity of gold available. If the statements above are true, then it is also true that in a pre-banking economy
【选项】the quantity of goods and services purchasable by a given amount of gold is constant.
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