How are trade deficits and trade surpluses automatically eliminated under the gold standard?

Question:

How are trade deficits and trade surpluses automatically eliminated under the gold standard?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

Question Posted: