The Economy in the 1970s Answers

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1
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President Carter’s first economic plan proposed

A
decreasing government spending.
B
challenging the oil embargo.
C
increasing government spending.
D
lowering the price of everyday goods.
2
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President Carter’s policies for increasing economic growth in America

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

What did Americans experience during the oil shock of 1979?

A
lower gas prices
B
gas shortages
C
better relations with OPEC nations
D
more efficient business practices
4

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

A
a reduction in foreign energy dependence
B
a reduction in foreign oil supplies
C
an increase in US oil prices
D
an increase in US energy use
5

Under President Carter, the Federal Reserve

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

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