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Explain the price-specie flow mechanism under the Gold Standard by using an example with the following information (hint: please show relevant figures reflecting the information

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Explain the price-specie flow mechanism under the Gold Standard by using an example with the following information (hint: please show relevant figures reflecting the information together with a brief description): (i) Mint parity exchange rate Sf=5. (ii) Two gold points (due to gold transpontation cost): $/=4.5 and $/=5.5. (ii) Due to high demand for British products by American people, the market exchange rate would go beyond the gold points in the absence of gold arbitrage

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