In 1971, under President Richard Nixon, the federal government passed legislation that “froze” wages and the prices of consumer

Question

3 years ago

12

In 1971, under President Richard Nixon, the federal government passed legislation that “froze” wages and the prices of consumer

items. However, that did little to stop the increase in inflation or unemployment. What can you infer was behind Nixon's decision to "freeze” wages and prices?

Advanced Placement (AP)

2 answers:

Irina18 [472] · Answer 1 · 2022-01-25T18:07:41+03:00

Irina18 [472]3 years ago

8 0

Inflation affects wages and prices, so freezing those would halt inflation

Yakvenalex [24] · Answer 2 · 2022-01-25T16:34:03+03:00

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