1.What are the “gold points”? 2. What does the price-specie automatic adjustment mechanism assume about the connection between the gold reserves of a country and that country’s trade balance? 3. What...

1.What are the “gold points”? 2. What does the price-specie automatic adjustment mechanism assume about the connection between the gold reserves of a country and that country’s trade balance? 3. What does the price-specie adjustment mechanism assume about the connection between the trade balance and a country’s money supply? 4. How are the money supply and prices linked according to the price-specie adjustment mechanism?