Which of the Following Economic Developments Characterized Jimmy Carter's Presidency

question 42

Multiple Choice

Which of the following economic developments characterized Jimmy Carter's presidency?

• A) The nation's economic fortunes improved.
• B) U.S.corporations and wealthy individuals gained little from new legislation.
• C) The president taxed upper-income Americans to ensure the solvency of Social Security.
• D) The president cut federal spending in order to compensate for rising inflation.

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Definitions:

Outsourcing

Contracting out work that was formerly done by employees.

Contracting

The process of entering into formal agreements with individuals or companies to provide services or goods.

Outplacement

A service provided by organizations to assist former employees transition to new jobs, offering support such as resume writing and interview coaching.

Employee Leasing

A business arrangement where a company contracts with a third-party firm to handle the administration, recruitment, and training of staff, effectively leasing the employees from the third party.