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What was one way President Nixon wanted to overcome economic challenges? paying the cost of foreign wars protecting the value of the US dollar helping companies affected by environmental regulations providing college scholarships to train women for the workforce

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Answer:

Nixon issued Executive Order 11615, He imposed a 90-day freeze on wages and prices in order to counter inflation

So protecting the value of the US dollar is your answer

President Nixon issued Executive Order 11615 (in line with the Economic Stabilization Act of 1970), setting a 90-day suspension on wages and prices to combat inflation.

What did President Nixon do to control inflation?

On August 15, 1971, President Richard M. Nixon announced the New Economic Policy, a plan “to create new prosperity without war.” Known literally as the “Nixon Shock.”

The program marked the beginning of the end of the Bretton Woods system of fixed exchange rates established at the end of World War II.

It was the first time that the US government had made a law to regulate wages and prices since World War II.

Therefore, the correct option is to protect the value of the US dollar due to Inflation President Nixon took several major decisions.

To learn more about President Nixon, refer:

https://brainly.com/question/444800

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