Despite the demands of the wartime economy, inflation was kept well in check during the war by
A. directing production to whatever goods were in most demand.
B. prosecuting war profiteers and black marketers who tried to earn windfall profits.
C. voluntary wage and price controls agreed to by business and organized labor.
D. sharply constricting the flow of credit from the Federal Reserve Board.
E. federally imposed mandatory wage and price controls.
Answer: E
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