Which statement below best describes the state of the U.S. economy under President Nixon? Responses Inflation rose to 12% and the country entered an economic recession Inflation rose to 12% and the country entered an economic recession Strong post-war growth led to U.S. dominance in world markets Strong post-war growth led to U.S. dominance in world markets The Rust Belt prospered as auto manufacturers developed more fuel-efficient vehicles The Rust Belt prospered as auto manufacturers developed more fuel-efficient vehicles The recession hit the Sun Belt particularly hard, as jobs moved further north