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castortr0y [4]
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]3 years ago
8 0
Inflation affects wages and prices, so freezing those would halt inflation
Yakvenalex [24]3 years ago
7 0
<span>The Congress has also been moving forward on the energy front. The Alaska pipeline bill has been passed. I signed it into law 9 days ago, right here at this desk. The Congress has passed a fuel allocation bill which I will sign into law on Tuesday.1 An additional emergency bill providing special authority to deal with this problem has now passed the Senate.</span>
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