Business
Business, 22.04.2020 03:33, spencertodd742

Under the gold standard, gold flows reduce the money supply in one nation when another nation experiences a trade surplus. The nation with a trade surplus has a swell in the money supply, which leads to price increases. At the same time, the nation with a reduction in the money supply will cause prices to fall. The lower prices create more demand for product from the nation with a reduction in the money supply, which leads to a

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Under the gold standard, gold flows reduce the money supply in one nation when another nation experi...

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