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

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

b) Inflation was out of control and Americans could not afford basic necessities.

c) Employment was increasing, and businesses were making record profits.

d) Inflation was rising, interest rates were rising, and housing prices were rising.

Answer:- b) Inflation was out of control and Americans could not afford basic necessities.

Inflation was out of control, and Americans could not afford basic necessities. In 2008, the American persons bowed to Barack Obama to result in the country through the vilest economic crisis since the Great Depression. His North Star was to make the economy effort for the central class and for that belligerent to join it. He took steps to produce jobs, rescue the auto industry, and rebuild the economy on a new basis for growth and prosperity. Inflation was out of control, and Americans could not afford basic necessities.