The Economy in the 1970s

Question 1

Under President Carter, the Federal Reserve

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raised interest rates in an attempt to slow down inflation.

Question 2

President Carter’s Community Reinvestment Act

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

Question 3

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

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stagflation

Question 4

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

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improving slightly.

Question 5

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

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by about 7 percentage points

Question 6

President Carter’s policies for increasing economic growth in America

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had a slight impact.

Question 7

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

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a reduction in foreign energy dependence

Question 8

President Carter’s first economic plan proposed

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increasing government spending.

Question 9

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

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

Question 10

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

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an energy crisis.

The Economy in the 1970s Answers