To combat inflation, President Nixon resorted to a. rationing b. credit controls

Question

To combat inflation, President Nixon resorted to
a. rationing
b. credit controls
c. tax increases
d. compulsory wage and price controls

A major weakness of using public works as an expansionary device involves the long period of time needed to plan and begin the project.
True
False

Changing the discount rate is a tool of fiscal policy.
True
False

An increase in the number of inexperienced workers in the labor force is likely to increase the unemployment rate relative to the level of output.
True
False

The Humphrey-Hawkins Act set a 1983 unemployment target of 3 percent for adult unemployment.
True
False

Explanation / Answer

b. credit controls True True False True

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