Question

What were some of the positive effects of the booming 1980s economy? Check all that apply. personal debts decreased. new jobs were created. lower interest rates allowed people to borrow money. inflation returned to normal levels.the national debt was paid off. unemployment rates fell.

Answer 1

The booming 1980s economy led to the creation of new jobs, lower unemployment rates, and the normalization of inflation levels, but also increased personal and national debt.

Step-by-step explanation:

The booming economy of the 1980s had several positive effects, including the creation of new jobs and a decrease in unemployment rates. Lower interest rates during this period also enabled people to borrow more easily, which fueled economic growth and consumer spending.

While inflation was a significant issue in the late 1970s, it returned to more normal levels in the 1980s. However, it's important to note that not all economic indicators were positive; personal debts increased, and the national debt was not paid off but instead grew substantially.

Answer 2

New jobs were created.

Lower interest rates allowed people to borrow money.

Inflation returned to normal levels.

Unemployment rates fell.