Question

President Carter’s first economic plan proposed

Answer 1

President Carter's first economic plan proposed reducing inflation by reducing the money supply, which had short-term negative effects on unemployment and interest rates.

Step-by-step explanation:

President Carter's first economic plan proposed reducing inflation by reducing the money supply. This was a long-term strategy supported by most economists, as simply printing more money to mask economic problems would have had negative consequences. However, in the short term, it resulted in increased unemployment and higher interest rates for loans.

Answer 2

President Carter’s first economic plan proposed "increased government spending," since Carter felt that much of the economic slump of previous years had been caused by government inaction.