Question

What was the goal of the Economic Stabilization Act of 1970? stem inflation increase income taxes decrease defense spending increase productivity

Answer 1

A. Stem Inflation
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Answer 2

The answer is Stem Inflation. This is the law that provided the president power to levy wage and price controls to stem inflation produced by the Vietnam battle and by mounting transfer payments (reserves dispersed to an individual or group without a corresponding give-and-take of services or goods).