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.

which of the following is a characteristic of economic stagflation?

• increased wages
• lower gas prices
• high inflation

Explanation:

The text defines stagflation as the economy not actively improving and inflation rates tending to be high. "Increased wages" and "lower gas prices" are not mentioned as characteristics of stagflation, while "high inflation" matches the given definition.

Answer:

high inflation