What economic pattern can describe Muldoon's tenure as Prime Minister?
Stagnation, inflation, and high debts
Prosperity and recession
Boom and bust
Growth and instability
Answer
Muldoon's tenure as Prime Minister can be described by a pattern of economic stagnation, inflation, and high debts. During his time in office, New Zealand's economy struggled to grow, inflation rose to record highs, and the national debt increased significantly. This combination of factors had a negative impact on the standard of living for many New Zealanders and contributed to the eventual downfall of Muldoon's government.
Master Muldoon: Exploring the Legacy of New Zealand's Longest Serving Prime Minister
More Questions
Which policy racially targeted Pasifika overstayers in New Zealand under Robert Muldoon’s tenure?
Who did Muldoon smear as being gay?
Which Prime Minister did Muldoon lose to in 1984?
What were the economic policies of the Muldoon Government known for?
What unusual criteria did Muldoon have in his cabinet formation?
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