The Economy in the 1970s Answers

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

The economy was growing rapidly.

The economy was failing rapidly.

Inflation and unemployment were high.

Inflation and unemployment were low.

What was the Community Reinvestment Act of 1977?

A law taxing communities and giving that money to banks

A law that gave money to people in low-income areas

A law that encouraged bank lending in low-income areas

A law taxing banks and lending that money to low-income people

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