The Economy in the 1970s

Question 1

Which of the following is the best definition for the word stagflation?

Revolt · Accepted Answer

An economic condition of slow growth and high inflation

Question 2

Which of the following problems were happening in America’s economy?Check all of the boxes that apply.

Revolt · Accepted Answer

Rising prices; High unemployment; Falling wages

Question 3

What did the Federal Reserve do to try to reduce inflation?

Revolt · Accepted Answer

Allowed interest rates to rise

Question 4

Which of the following best describes President Carter’s goals regarding his energy policy?

Revolt · Accepted Answer

Reducing American dependence on foreign energy supplies

Question 5

Choose the word that best completes each sentence.When Carter took office, he first tried to increase growth by proposing government spending. Then, Carter tried solve the problem of by reducing the number of business rules. In the end, inflation continued to .

Revolt · Accepted Answer

lower; higher; inflation; unemployment; rise; fall

Question 6

How did rising interest rates affect Americans?

Revolt · Accepted Answer

Americans had to pay higher interest on loans.

The Economy in the 1970s Answers

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