Question

What was one of the primary reasons that the economy was weak when Nixon took office?

A. Oil embargos made production costs skyrocket
B. The Vietnam War had been a huge expense
C. Low tax rates meant no money was coming in
D. Nuclear development took up most of the budget

Answer 1

c

Step-by-step explanation:

Nixon Shock refers to the economic actions taken by President Richard Nixon in 1971 that eventually led to the collapse of the Bretton Woods system.