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FSOT Full Test Bank

Category - US Society

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Which of the following best describes the US economy at the end of Carter’s presidency?

High growth and low inflation
High unemployment and mild deflation
Full employment and mild growth
Record interest rates and high inflation

Explanation

Answer: D - The economy at the end of Carter’s presidency is best described as having record interest rates and high inflation. Stagflation, the combination of a stagnant economy with high inflation, reared its head during Carter’s term.

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