Multiple Choice
In the price-specie-flow adjustment mechanism, a country with a balance-of-trade surplus Experiences
A) a gold inflow and a decrease in the price level.
B) a gold outflow and an increase in the money supply.
C) an increase in the money supply and a decrease in exports.
D) a decrease in the money supply and a decrease in imports.
Correct Answer:
Verified
Correct Answer:
Verified
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