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aesthetickait
05.05.2020 •
History
Which if the following statements characterizes the economy during the Clinton presidency
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Ответ:
robust and sustained economy
Explanation:
President Clinton oversaw a very robust economy during his tenure.
He raised taxes on higher income taxpayers early in his first term and cut defense spending and welfare, which contributed to a rise in revenue and decline in spending relative to the size of the economy.
Clinton was elected president in 1992, defeating incumbent Republican opponent George H. W. Bush. ... Clinton presided over the longest period of peacetime economic expansion in American history. He signed into law the North American Free Trade Agreement.
The national economy completed its fifth year of sustained economic expansion in 1996. Following a sharp slowdown in late 1995, the economy regained momentum during 1996. Despite considerable quarter-to-quarter volatility during 1996, real gross domestic product (GDP) grew by about 2.5 percent for the year as a whole.
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