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yulyashka [42]
3 years ago
15

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

History
1 answer:
iren [92.7K]3 years ago
3 0

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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