HURRY!!!

which statement best describes the state of the economy when President Obama took office?

A. Inflation was out of control, and americans could now afford basic necessities

B. Financial institutions were failing, housing prices had fallen, and unemployment was rising.

C. Employment was increasing, and businesses were making record profits.

D. Inflation was rising, interest rates were rising, and housing prices were rising.

President Obama took office in the shadow of the financial crisis of 2007-08 that had been caused by subprime housing market. Financial institutions were weak and unemployment rising

Answer Link

Lanuel Lanuel · Answer 2 · 2022-06-06T02:09:33+02:00

The state of the economy when Pres. Obama took office was that: B. financial institutions were failing, housing prices had fallen, and unemployment was rising.

Who is President Obama?

Barack H. Obama is an American politician who was born on the 4th of August, 1961 in Honolulu, Hawaii, United States of America. Also, he was elected to serve as the 44th president of the United States of America from 2009 to 2017.

Historically, the statements which best describes the state of the economy when Pres. Obama took (assumed) office as the 44th president in 2009 are:

Financial institutions were failing.

Housing prices had fallen.

Unemployment was rising.

Read more on Barack Obama here: https://brainly.com/question/4332006

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