According to David Hume,if England had a balance-of-trade surplus with France,the resulting inflow of gold and silver would:

Name: According to David Hume,if England had a balance-of-trade surplus with France,the resulting inflow of gold and silver would:
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

According to David Hume, an inflow of gold and silver would increase the money supply and cause inflation in England, as there would be more money chasing the same amount of goods and services. This is known as the price-specie flow mechanism.

According to David Hume,if England Had a Balance-Of-Trade Surplus with France,the