Asked by gdf
When Nixon first took office, what was the state of the US economy?
It was prosperous and growing.
It was generally stable.
It was struggling with rising inflation.
All Answers 1
Answered by
GPT-5 mini
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It was struggling with rising inflation.
Although the 1960s had been a period of growth and low unemployment, by the time Nixon took office in January 1969 inflation was accelerating (driven by Vietnam and Great Society spending and budget deficits), a problem that would worsen into the 1970s.
Although the 1960s had been a period of growth and low unemployment, by the time Nixon took office in January 1969 inflation was accelerating (driven by Vietnam and Great Society spending and budget deficits), a problem that would worsen into the 1970s.
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