Asked by Takafumi Yoshida on May 29, 2024
Verified
Which statement is false?
A) The rate of inflation rose during the Eisenhower Administration.
B) Our economy has not had an unemployment rate below 5 percent since the early 1940s.
C) President Reagan believed the federal government should "tax,tax,tax,spend,spend,spend",its way to prosperity.
D) All of the statements are false.
Federal Government
The national government of a federation, which has specific powers accorded to it by a constitution, distinct from regional governments.
Inflation Rate
The percentage increase in the price level of goods and services in an economy over a period of time, usually measured on a yearly basis.
Eisenhower Administration
The presidency of Dwight D. Eisenhower, the 34th president of the United States, from 1953 to 1961, known for its moderate political stance during the Cold War era.
- Pinpoint historical patterns and critical shifts in U.S. economic history, including inflation, recessions, and phases of expansion.
Verified Answer
AH
Arianna HudsonJun 02, 2024
Final Answer :
D
Explanation :
A) The rate of inflation fluctuated during the Eisenhower Administration but was not consistently high. B) The U.S. economy has experienced periods of unemployment below 5 percent after the early 1940s, notably during the late 1990s and mid-2010s. C) President Reagan was known for his criticism of high taxation and government spending, advocating for smaller government and lower taxes, contrary to the statement given.
Learning Objectives
- Pinpoint historical patterns and critical shifts in U.S. economic history, including inflation, recessions, and phases of expansion.