The Economy in the 1970s

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

The Federal Reserve’s attempts to reduce inflation in 1979

Revolt · Accepted Answer

caused the economy to slow further.

Question 3

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

Revolt · Accepted Answer

stagflation

Question 4

How did President Carter respond to the energy crisis in 1979?

Revolt · Accepted Answer

He tried to increase US oil production.

Question 5

Under President Carter, the Federal Reserve

Revolt · Accepted Answer

raised interest rates in an attempt to slow down inflation.

Question 6

The US recession in the 1970s was caused by

Revolt · Accepted Answer

an oil embargo.

Question 7

How did the shortage of oil from OPEC nations affect the United States?

Revolt · Accepted Answer

It created more unemployment.

Question 8

What did Americans experience during the oil shock of 1979?

Revolt · Accepted Answer

gas shortages

Question 9

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 10

Study the graph.How much did inflation increase during President Carter’s term?

Revolt · Accepted Answer

by about 7 percentage points

The Economy in the 1970s Answers