To Control Inflation,President Nixon

question 127

Multiple Choice

To control inflation,President Nixon

• A)ordered wage and salary reductions for all government employees
• B)increased government spending
• C)dramatically reduced transfer payments such as Social Security
• D)applied price floors to all goods and services
• E)froze wages and prices

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Definitions:

Debt-to-Equity Ratio

A financial metric that shows the balance between the equity provided by shareholders and the debt leveraged to support a company's assets.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available for its day-to-day operations.

Long-term Liabilities

Financial obligations of a business that are due more than one year in the future, such as bonds payable or long-term loans.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.