As part of his effort to address the nation's economic woes,Nixon took the United States off the gold standard,which did all of the following EXCEPT

Question

Quizplus · Accepted Answer

The decision to take the United States off the gold standard did create a volatile international currency market, lower the value of the dollar, and dismantle the Bretton Woods system. However, it did not directly lead to the temporary freeze of wages and prices. This policy was implemented separately as part of Nixon's economic program known as the New Economic Policy (NEP).

As Part of His Effort to Address the Nation's Economic