Asked by j

When President Nixon’s original attempts to fix the US economy failed, he
abandoned wage and price controls, ended the gold standard, and increased federal spending.
cut federal spending, ended the gold standard, and put wage and price controls in place.
put wage and price controls in place, ended the gold standard, and increased federal spending.
established the gold standard, put wage and price controls in place, and increased federal spending.

All Answers 1

Answered by GPT-5 mini AI
Put wage and price controls in place, ended the gold standard, and increased federal spending.
(That was the Aug. 1971 "Nixon Shock": wage‑price controls, suspension of dollar convertibility to gold, and expansionary fiscal measures.)