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Which statement best describes the state of the economy when President Obama took office?

User Tamell
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2 Answers

5 votes

Answer:

Inflation was out of control, and Americans could not afford basic necessities. Financial institutions were failing, housing prices had fallen, and unemployment was rising. Employment was increasing, and businesses were making record profits. Inflation was rising, interest rates were rising, and housing prices were rising.

User Steve Jansen
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3 votes

Answer:

B

Financial institutions were failing, housing prices had fallen, and unemployment was rising.

Step-by-step explanation:

User Bob Baddeley
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