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How did Ford first decide to stop inflation? by raising taxes by lowering prices by hiring more people for jobs by creating new jobs in government

User Rosencreuz
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2 Answers

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Answer:

by raising taxes

Step-by-step explanation:

User Funilrys
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Answer:

by raising taxes

Step-by-step explanation:

Gerald Ford believed that inflation was caused by excessive spending in the economy. He thought that this excessive spending pushed prices up.

He called for American consumers to spend less, specially in goods that at the time were very expensive, like gasoline.

He also raised taxes on corporations and high personal incomes, believing that these fiscally contractionary measures would help reduce inflation.

User Tonymayoral
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