To Control Creeping Inflation in the Early 1970s, President Richard

question 47

Multiple Choice

To control creeping inflation in the early 1970s, President Richard Nixon

• A) imposed a ninety-day wage and price freeze.
• B) put the United States back on the gold standard.
• C) sought a system of international currency stabilization.
• D) lowered Social Security payments.
• E) pressured the Federal Reserve Board to raise interest rates.