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23 December, 00:14

What effect did Ford's economic policy have on the economy?

A. Inflation and unemployment were both solved.

B. Inflation rose, but unemployment went down.

C. Inflation went down, but unemployment remained high.

D. Inflation and unemployment both rose sharply.

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Answers (1)
  1. 23 December, 00:16
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    Inflation went down, but unemployment remained high is the effect of Ford's economic policy.

    Answer: Option C

    Explanation:

    Whip Inflation Now, Ford's economic policy in 1974 given by President Gerald Ford, movement to fight inflation in the US and symbol was 'WIN' button. This campaign encourages the people to lessen their spending by starting own garden of vegetables, carpooling and increase the savings but this campaign miserably failed. This idea ended up with unemployment and sows growth and supported increased government spending along with cutting taxes.
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Home » History » What effect did Ford's economic policy have on the economy? A. Inflation and unemployment were both solved. B. Inflation rose, but unemployment went down. C. Inflation went down, but unemployment remained high. D.
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