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.

The correct answer is B. Financial institutions were failing, housing prices had fallen, and unemployment was rising.

The correct option is: " Financial institutions were failing, housing prices had fallen, and unemployment was rising. "

On February 17, 2009 Obama signed the Economic Stimulus Act for $ 787 billion with the objective of remedying the effects of the economic recession caused by the subprime mortgage crisis (high-risk mortgage loans) through investment in the sectors of public health, education, urban infrastructure, and energy. Among other things, the financial rescue plan will grant several tax exemptions, tax incentives and direct assistance to individuals.

On April 14, 2009, Obama supported his government's measures to reactivate economic growth and consolidate the financial sector. In his economic report, he pointed out that his plan against the recession shows signs of progress but that it will continue to be a difficult year. Even so, he highlighted the suspension of dismissals in police schools and departments, a rebound in jobs related to green sectors and an increase in the refinancing of mortgages.

multiple choice? can i see the answers?