Which economic trend occurred during President Eisenhower's administration?

• A. A period of sustained economic growth with low inflation
• B. A prolonged depression similar to the 1930s
• C. A severe recession with high unemployment
• D. Hyperinflation and rapid currency devaluation

Answer: (A)

Verified step by step guidance

1. Step 1: Understand the historical context of President Eisenhower's administration, which lasted from 1953 to 1961, a period in post-World War II America.
2. Step 2: Recall key macroeconomic indicators during this period, such as GDP growth, inflation rates, and unemployment levels, to identify the general economic trend.
3. Step 3: Recognize that the 1950s in the United States were characterized by steady economic expansion, technological progress, and rising living standards, which typically indicate sustained growth.
4. Step 4: Compare the options given: a prolonged depression, severe recession, or hyperinflation are extreme economic conditions that did not occur during this time.
5. Step 5: Conclude that the correct economic trend during Eisenhower's administration was a period of sustained economic growth with low inflation, reflecting stable and positive macroeconomic performance.