President Nixon's original proposal to boost the US economy was to balance the US budget. As a result, option (b) is the proper response.
President Nixon proposes balancing the US budget to aid the economy. To keep the economy under control, the president opted to keep the budget low.
The Economic Stabilization Act of 1970 authorized the President to balance expenses, rents, compensation, pay rates, loan charges, profits, and comparable exchanges.
It established benchmarks to serve as a reference for determining salary and cost dimensions, taking into account changes, exceptional situations, and variety to predict imbalances, taking into account changes in inefficiency, the normal cost of living, and other relevant aspects.
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