The U.S. government implemented wage and price controls during World War II because
A) there was a significant increase in the production of consumer goods.
B) there was a significant reduction in the production of consumer goods.
C) there was a major increase in demand by government for consumer goods.
D) consumer goods manufacturers were worried about falling prices of consumer goods.

Question

Quizplus · Accepted Answer

During World War II, the government implemented wage and price controls to prevent inflation caused by the significant reduction in the production of consumer goods due to redirected resources towards the war effort.

The US Government Implemented Wage and Price Controls During World War