Answer: yes some things about the gold standard were good for the economy.
gold standard would reduce the risk of economic crises and recessions, while increasing income levels and decreasing unemployment rates.
Allows for long-term price stability. Under this standard, the money supply will be more controlled. ...
Reducing the uncertainty of international trade. Under the gold standard, international exchange rates are fixed between participating countries.
DISADVANTAGES/ BAD: it may not provide sufficient flexibility in the supply of money.
inflation, growth and the financial system are all less stable. There are more recessions, larger swings in consumer prices and more banking crises.
Explanation:
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