The only case of wage and price controls in the US during peacetime occurred
A) during the Kennedy-Johnson administration.
B) during the administration of William Clinton.
C) during the administration of President Nixon.
D) during the administration of President Galbraith.

Question

Quizplus · Accepted Answer

Wage and price controls were implemented during the administration of President Nixon in 1971 as a response to rising inflation. The controls were lifted in 1973 due to their negative effects on the economy.

The Only Case of Wage and Price Controls in the US