Thursday, August 18, 2011

Explain the solution president nixon implementd?

Nixon had developed an abiding detestment of wage/price controls when he had briefly served on one of the numerous bureaucratic War Boards in 1942,yet he IMPLEMENTED Wage-Price controls as part of his Shock.Though most only lasted 90 days,it was a glaring contradiction and contributed to inflationatory problems in the long term.

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