John owns a large manufacturing business in New York that deals mainly in exports. Would John be for or against the gold standard? Why?
o John would favor the gold standard because inflation caused by a bimetallic policy would hurt his business.
o John would favor the gold standard because inflation caused by a bimetallic policy would hurt his business.
o John would favor bimetallism because more circulating currency means more people can buy his products.
o John would favor bimetallism because more circulating currency means more people can buy his products.
o John would favor the gold standard because he owes a large debt on his business.