Some claim that adoption of a gold standard would contribute
Some claim that adoption of a gold standard would contribute to price stability. Was price stability a feature of the U.S. gold standard that prevailed prior to World War I (see Applying the Concept on page 537)?Based on a plot of the general price level (FRED code: M04051USM324NNBR), discuss U.S. price developments from 1880 to 1914.

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