The"Nixon shock"was a series of economic measures undertaken byPresidentRichard Nixonin 1971, in response to increasing inflation. The big news was the imposition of a 90-day freeze on wages and prices in order to slow down the nation's inflation spiral - it was the first time the U.S. government had enacted wage and price controls since World War II. explain what you reckon would have happened to the rate of inflation and income after the 90-day period ended. 

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Following the 90day freeze on wages and prices imposed by President Richard Nixon in 1971 as part of the Nixon shock the likely outcomes for the rate ... View the full answer