The Economy in the 1970s

Question 1

What was the state of the economy when Carter became president?

Revolt · Accepted Answer

Inflation and unemployment were high.

Question 2

What was the Community Reinvestment Act of 1977?

Revolt · Accepted Answer

A law that encouraged bank lending in low-income areas

Question 3

Put these events in the correct order in which they occurred during Carter’s presidency. Borrowing declined. Interest rates rose. Inflation dropped, slowing the economy.

Revolt · Accepted Answer

2

Question 4

Look at the graph. Choose the word or phrase that best completes each statement below.The unemployment rate between 1974 and 1980.

Revolt · Accepted Answer

increased

Question 5

Which of the following takes place during a time of stagflation?Check all of the boxes that apply.

Revolt · Accepted Answer

High inflation; High unemployment; Low economic growth

Question 6

Why did the Federal Reserve allow interest rates to rise in 1979?

Revolt · Accepted Answer

To fight inflation

Question 7

During the oil crisis spurred by the revolution in Iran, the unemployment rate .

Revolt · Accepted Answer

decreased

Question 8

What happened when stagflation became a problem for the economy during Carter’s presidency?

Revolt · Accepted Answer

Prices got too high for consumers to afford.

Question 9

Choose the right word or phrase to complete this sentence.The Fed’s interest-rate policy in the late 1970s economic growth.

Revolt · Accepted Answer

slowed

The Economy in the 1970s Answers

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