Question

President Nixon's action to end the gold standard
A. created a budget deficit
B.meant gold was no longer valuable.
C.meant the value of the dollar changed.
D.ended the US economic downturn.

Answer 1

Answer:

C

Explanation:

Quizlet 2021, that's what Hero's do.

Answer 2

The action to end the gold standard by President Nixon is to mean that the value of the dollar changed.

What do you mean by Gold standard?

A gold standard is a system where currency value has a direct relationship with the gold value.

As a republican, President Nixon wanted to make the government runs more efficiently and effectively.

Despite his efforts to fix the failed economy of the U.S., he controls wages and prices, increase government spending, and ended the gold standard.

Therefore, C is the correct option.

Learn more about the Gold standard here:

https://brainly.com/question/9222673