A gold standard ensures a long-run tendency toward price stability because

Name: A gold standard ensures a long-run tendency toward price stability because
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The cost of producing an ounce of gold tends to be relatively stable over time, which contributes to price stability in economies operating under a gold standard. This stability in production costs helps prevent significant fluctuations in the value of currency tied to gold, promoting long-run price stability.

A Gold Standard Ensures a Long-Run Tendency Toward Price Stability