Describe the general outlines of Nixon's economic policy. Was it consistent? Was it effective?

1 answer:

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He focused on the inflation rate. He concentrated on mandatory price controls. This covered rent, wages and other prices as a solution to resolve the inflation. This also enabled the dollar to float compared to other currencies. Unfortunately it had a negative response to businessmen as it resulted in food shortages. The inflation also returned which meant that the solutions were a failure.

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