In 1971, Nixon imposed wage and price restrictions in an effort to curb inflation.

Question

Quizplus · Accepted Answer

This statement is true. In 1971, President Nixon imposed wage and price controls in an attempt to combat inflation, which was a major economic concern at the time. The controls were intended to limit the increases in wages and prices in various industries, but they proved to be unpopular and unsuccessful in the long term. The controls were lifted in 1973.

In 1971, Nixon Imposed Wage and Price Restrictions in an Effort