Final answer:
President Nixon's New Economic Policy indeed included wage and price controls as a temporary measure to address rising inflation, which makes the statement true.
Step-by-step explanation:
The statement that President Nixon's New Economic Policy to fight inflation included wage and price controls is true.
In response to inflation and economic challenges, Nixon initiated a temporary freeze on wages and prices for ninety days. This policy was part of a broader strategy to combat inflation and stimulate the economy, along with attempts to increase federal spending to address unemployment.
However, this measure was considered only a temporary fix and not a long-term solution to the economic problems of the era.