Question

Which statement best describes economic conditions when President George H. W. Bush took office?

The United States had a booming economy.

The United States had a growing national debt.

The United States had a balanced budget.

The United States had entered a depression.

ANSWER: B) The United States had a growing national debt.

Answer 1

Answer:

The United States had a growing national debt.

Explanation:

Cold War ended, leading to an influx of government stimulus to the economy and creating more debt for the national debt due to government spending n defense during the Cold War

Answer 2

Answer:B) The United States had a growing national debt.

Explanation: just took the quiz