During Richard Nixon's Presidency,the U.S.economy Experienced

question 133

Multiple Choice

During Richard Nixon's presidency,the U.S.economy experienced

• A)the first trade deficit of the twentieth century.
• B)the lowest unemployment rate since the 1920s.
• C)a decrease in prices and an increase in the buying power of the average American.
• D)a significant increase in overall standards of living.
• E)a period of peace abroad and prosperity at home.

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Definitions:

Interest Rate

An Interest Rate is the percentage charged on the total amount of borrowed money or paid on savings, over a specific period of time.

Legally Binding

A term applied to agreements or contracts that have legal force, meaning they are enforceable by law.

Contracts

Legally enforceable agreements between two or more parties that create mutual obligations.

Minor

A person under the legal age of majority, typically under 18 years old, who has certain restrictions on their legal capabilities such as entering into contracts.