Hume's Challenge: the Price-Specie Flow Mechanism
{"Image DocumentName": "Hume\u2019s Challenge: the Price-Specie Flow Mechanism", "Image ImageDescription": "Hume (mid-18th century): maintaining a trade surplus forever is impossible. Trade surplus \uf0de inflow of specie. inflow of specie \uf0de increased Ms. increased Ms \uf0de higher prices (and wages) higher prices \uf0de lower exports and higher imports.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}