Which statement best describes the state of the economy when President Obama took office?
Inflation was out of control, and Americans could not afford basic necessities.
Financial institutions were failing, housing prices had fallen, and unemployment was rising.
Employment was increasing, and businesses were making record profits.
Inflation was rising, interest rates were rising, and housing prices were rising.

Respuesta :

Answer:

The second one I think.

Explanation:

If not that the first one, but definitely not the third of fourth ones

The correct answer to the question is A. Because of the following

When Barack Obama took the office and became the President of United States in 2009, the U.S. economy was shrinking.

Inflation was out of control and unemployment was increasing.

There were no jobs available for the natives and tourism was also declined due to instability of political situation.

The new president implement strategies to revive the falling economy and he was successful in his attempt.

Things began to get better after he took office.

The correct answer is A. Inflation was out of control and Americans could not afford basic necessities.

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