Question: I need answer for this question please it's urgent. Suppose US and UK were on a gold standard, and US was a net importer (had

I need answer for this question please it's urgent. Suppose US

I need answer for this question please it's urgent.

Suppose US and UK were on a gold standard, and US was a net importer (had trade deficit with) from UK. Then, according to the Price-Specie-Flow mechanism, this will lead to a: O lower money supply in US net flow of gold from UK to US lower price level of goods in UK decreased exports from UK to US pts

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