The correct answer is A. As a result of President Kennedy's economic policies, economic growth rose sharply in the 1960s.
Kennedy ended a period of strict fiscal policy, relaxed monetary policy to maintain interest rates and stimulate the growth of the economy. Kennedy presided over the government's first budget to surpass the $ 100 billion mark in 1962 , and its first budget in 1961 led to the first budget deficits without war and without recession. The economy, which had gone through two recessions in three years and was in another when Kennedy took power, accelerated markedly during his brief presidency. Despite low inflation and low interest rates, GDP had only grown at an average of 2.2% during the Eisenhower presidency (little more than population growth at that time), and decreased by 1% during the last year of its administration. The stagnation had reached the labor market of the country: unemployment increased constantly, going from less than 3% in 1953 to 7%, at the beginning of 1961.
The economy revolved and prospered during the Kennedy administration. GDP grew by an average of 5.5% from the beginning of 1961 to the end of 1963, while inflation remained stable at around 1% and unemployment began to decline, industrial production increased by 15% and automobile sales jumped by 40%. This growth rate of GDP and industry continued until around 1966.
