AnswersUS History Studies Since 1877The Economy in the 1970s

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Which measures did President Carter propose to help the US economy in the late 1970s?

A
a reduction in foreign oil supplies
B
an increase in US oil prices
C
an increase in US energy use
D
a reduction in foreign energy dependence
2
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President Carter’s policies for increasing economic growth in America

A
were highly controversial.
B
had no impact.
C
were met with resistance.
D
had a slight impact.
3

Which of these factors affected the US economy during the 1970s?

A
low unemployment
B
stagflation
C
low inflation
D
high GDP
4

President Carter’s first economic plan proposed

A
decreasing government spending.
B
increasing government spending.
C
lowering the price of everyday goods.
D
challenging the oil embargo.
5

President Carter’s Community Reinvestment Act

A
encouraged banks to lend in low- and moderate-income areas.
B
encouraged the wealthy to invest in suburban areas.
C
encouraged banks to charge more interest on loans.
D
encouraged the wealthy to take out more loans.
6

The US recession in the 1970s was caused by

A
President Nixon’s resignation.
B
an oil embargo.
C
energy interdependence.
D
low unemployment.
7

A major event that took place in the United States in 1979 was

A
a second oil embargo.
B
the creation of an oil cartel.
C
an energy crisis.
D
the creation of a US national bank.
8

As a result of a revolution in Iran during 1978 and 1979,

A
oil supplies to the US were disrupted, causing oil prices to rise.
B
the cartel of countries controlling part of the oil market decided to increase production.
C
the cartel of countries controlling part of the oil market decided to stop production.
D
the United States cut off diplomatic relations with Iran’s government.
9

Under President Carter, the Federal Reserve

A
decreased wages paid to federal workers.
B
increased discrimination against borrowers.
C
lowered interest rates in an attempt to help the economy.
D
raised interest rates in an attempt to slow down inflation.
10

When President Carter took office in 1977, the US economy was

A
getting slightly worse.
B
improving slightly.
C
getting rapidly worse.
D
improving rapidly.

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