THE 1970S 1969 1979
GERALD FORD
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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things that Nixon froze when US went into recession
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Cut defense, cut national security, and Taxes
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Worker’s wages, business prices and fees
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Did not cut anything
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None of the above
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Explanation:
Detailed explanation-1: -Nixon issued Executive Order 11615 (pursuant to the Economic Stabilization Act of 1970), imposing a 90-day freeze on wages and prices in order to counter inflation. This was the first time the U.S. government had enacted wage and price controls since World War II.
Detailed explanation-2: -An expanded money supply, the effects of increased deficits and the rising price of oil all left their mark on the American economy.
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