In contrast to the typical Republican Party laissez-faire policies, President Richard Nixon in 1971 introduced
A)mandatory drug testing of cabinet officers.
B)monetary targets for the Federal Reserve Board.
C)wage and price controls.
D)mandatory gold purchases by the U.S.Treasury.

Question

Quizplus · Accepted Answer

President Nixon introduced wage and price controls in 1971 as a measure to control inflation, which was seen as a significant threat to the economy at the time. This was contrary to typical Republican Party policies promoting free markets and limited government intervention.

In Contrast to the Typical Republican Party Laissez-Faire Policies, President