Question

nixons presidency
nixon was elected president in 1968. at the time, the american economy was in a state of stagflation. stagflation means the economy is not actively improving and inflation rates tend to be high.

• nixon wanted to provide assistance during this time to families through the family assistance plan.
• this plan would have provided families of four with $1,600 in assistance. families would then spend the $1,600 and help boost the economy.
• however, congress blocked this plan, believing it was too expensive a venture to provide $1,600 to every family in america.

what was the state of the economy when richard nixon became president?
the economy was experiencing a boom.
the economy was in a state of depression.
the economy was in a state of stagflation.

Explanation:

The text clearly states that when Nixon was elected president in 1968, the American economy was in a state of stagflation, which is characterized by a lack of economic improvement and high - inflation rates.

Answer:

C. The economy was in a state of stagflation.