To minimize what was believed to be a wage-price spiral, the ________ administration ________.
A) Reagan; increased corporate income
B) Carter; increased interest rates
C) Clinton; released oil from the strategic reserves
D) first Bush; increased taxes
E) Nixon; imposed price controls

Question

Quizplus · Accepted Answer

Nixon imposed price controls in an attempt to minimize the wage-price spiral.

To Minimize What Was Believed to Be a Wage-Price Spiral