AnswersHCISD-US History Studies Since 1877 B-CR SUMMERThe Economy in the 1970s

The Economy in the 1970s Answers

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

A
The economy was growing rapidly.
B
The economy was failing rapidly.
C
Inflation and unemployment were high.
D
Inflation and unemployment were low.
2
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What was the Community Reinvestment Act of 1977?

A
A law taxing communities and giving that money to banks
B
A law that gave money to people in low-income areas
C
A law that encouraged bank lending in low-income areas
D
A law taxing banks and lending that money to low-income people
3

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

A
decreased
B
increased
C
stayed constant
4

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

A
decreased
B
increased
C
stayed constant
5

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

A
High inflation
B
High economic growth
C
Low unemployment
D
High unemployment
E
Low economic growth
6

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

A
To reduce borrowing costs
B
To encourage inflation
C
To reduce unemployment
D
To fight inflation
7

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

A
encouraged
B
slowed
C
sped up
8

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.

A
1
B
2
C
3
9

What is President Carter urging Americans to do in this excerpt?

A
Accept wage and price controls
B
Raise interest rates
C
Reduce their consumption of energy
D
Lower interest rates
10

Why did President Carter want to reduce rules for businesses?

A
To increase the price of oil and gas
B
To lower costs for government and consumers
C
To lower costs for businesses and consumers
D
To increase the price of consumer goods
11

Which of the following best describes President Carter’s energy policy?

A
It promoted increased energy consumption.
B
It promoted decreased energy consumption.
C
It disbanded OPEC to free up foreign oil supplies.
D
It forced the United States to produce enough oil for itself.
12

Question text not available

Answers:
during Carter’s presidency.:increased slowly
Selection 2:increasing their dependence on oil.
13

Use the graph to help you complete these two sentences.The graph shows that US petroleum (oil) consumption during Carter’s presidency.

Answers:
Selection 1:increased slowly
Selection 2:increasing their dependence on oil.
14

What triggered the second oil shock in 1979?

A
Reduced demand for oil
B
A revolution in Iran
C
Increased demand for oil
D
A shortage in the United States
15

What does Carter mean when he says conservation is “the cheapest source of energy”?

A
Energy that is not used does not have to be paid for.
B
Alternative sources of energy are cheaper than oil.
C
Conservation makes oil basically free.
D
Energy needs will increase if people conserve more.
16

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

A
The economy was growing rapidly.
B
The economy was failing rapidly.
C
Inflation and unemployment were high.
D
Inflation and unemployment were low.
17

Question text not available

Answer not available
18

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

A
High inflation
B
High economic growth
C
Low unemployment
D
High unemployment
E
Low economic growth
19

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

A
To reduce borrowing costs
B
To encourage inflation
C
To reduce unemployment
D
To fight inflation
20

Put these events in the correct order in which they occurred during Carter’s presidency. 1✔ 23 Borrowing declined.✔ 123 Interest rates rose.12✔ 3 Inflation dropped, slowing the economy.

A
1
B
2
C
3

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