The Economy in the 1970s — Quiz

Question 1

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

Revolt · Accepted Answer

a reduction in foreign energy dependence

Question 2

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

Revolt · Accepted Answer

oil supplies to the US were disrupted, causing oil prices to rise.

Question 3

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

Revolt · Accepted Answer

improving slightly.

Question 4

President Carter’s Community Reinvestment Act

Revolt · Accepted Answer

encouraged banks to lend in low- and moderate-income areas.

Question 5

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

Revolt · Accepted Answer

a second oil embargo.

Question 6

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

Revolt · Accepted Answer

a second oil embargo.

Question 7

President Carter’s first economic plan proposed

Revolt · Accepted Answer

decreasing government spending.

Question 8

The US recession in the 1970s was caused by

Revolt · Accepted Answer

an oil embargo.

Question 9

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

Revolt · Accepted Answer

stagflation

Question 10

Under President Carter, the Federal Reserve

Revolt · Accepted Answer

raised interest rates in an attempt to slow down inflation.

The Economy in the 1970s — Quiz Answers