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TiliK225 [7]
3 years ago
10

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

History
2 answers:
9966 [12]3 years ago
5 0

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.

Rama09 [41]3 years ago
4 0

Answer:

B

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

Explanation:

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Communist regimes aligned with the Soviet Union that lasted until the early 90’s, spread throughout Europe after WWII, when the victorious allies divided Europe between the west (France, UK, Iceland, West Germany) - under mainly American influence - and east (Poland, Albania, Bulgaria, Croatia, Estonia, Latvia, Lithuania, East Germany.) - under Soviet influence. People on the Eastern side of Europe lived in a communist society,  while the people on the western side were well taken care of by the US.

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