Answered

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What action did President Nixon take to provide relief from Stagflation
OA. Increase taxes
B. Raise interest rates
OC. Implement wage and price controls
OD. Reduce the federal budget

Sagot :

GinnyAnswer

Final answer:

President Nixon tackled Stagflation by ordering cuts in government purchases.


Explanation:

President Nixon took action to provide relief from Stagflation by ordering cuts in government purchases, serving a contractionary fiscal policy to reduce the inflationary gap. This decision was part of a broader effort, including implementing wage and price controls by other administrations, to address economic challenges.


Learn more about Stagflation here:

https://brainly.com/question/29552947


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