According to the classical theory of the price-specie-flow mechanism, the flow of gold determines the final equilibrium price

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The classical theory of the price-specie-flow mechanism, as described by David Hume, posits that an imbalance in trade between countries leads to a flow of gold (specie) that adjusts the money supply, thereby affecting price levels until a new equilibrium is reached.

According to the Classical Theory of the Price-Specie-Flow Mechanism, the Flow