During Richard Nixon's presidency,the U.S.economy experienced

Name: During Richard Nixon's presidency,the U.S.economy experienced
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During Richard Nixon's presidency, the U.S. economy experienced the first trade deficit of the twentieth century. This was caused by a combination of factors, including rising oil prices, increased competition from foreign markets, and the devaluation of the U.S. dollar. The trade deficit continued to be a significant issue throughout the 1970s and into the 1980s.

During Richard Nixon's Presidency,the U.S.economy Experienced