AnswersCR04103B US HistoryUnit Test

The Economy in the 1970s Answers

0 verified answers1 views
1
Free Preview

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.
2
Free Preview

President Carter’s Community Reinvestment Act

A
encouraged banks to lend in low- and moderate-income areas.
B
encouraged the wealthy to take out more loans.
C
encouraged banks to charge more interest on loans.
D
encouraged the wealthy to invest in suburban areas.
3

The US recession in the 1970s was caused by

A
an oil embargo.
B
energy interdependence.
C
low unemployment.
D
President Nixon’s resignation.
4

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

A
He tried to develop alternative trade partners for oil.
B
He tried to increase US oil production.
C
He decreased oil shipments from OPEC nations.
D
He increased oil shipments from OPEC nations.
5

The Federal Reserve’s attempts to reduce inflation in 1979

A
caused the economy to improve slowly.
B
had no real impact on the economy.
C
caused the economy to slow further.
D
caused the economy to improve greatly.
6

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.
7

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
8

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

A
oil supplies to the US were disrupted, causing oil prices to rise.
B
the cartel of countries controlling part of the oil market decided to increase production.
C
the cartel of countries controlling part of the oil market decided to stop production.
D
the United States cut off diplomatic relations with Iran’s government.
9

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

A
an energy crisis.
B
the creation of a US national bank.
C
a second oil embargo.
D
the creation of an oil cartel.
10

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

A
improving rapidly.
B
improving slightly.
C
getting slightly worse.
D
getting rapidly worse.

Did you find these answers helpful?

More from this Course

Quiz
10 verified answers

Carter and the Middle East

Quiz
10 verified answers

Reagan and the 1980s

Instruction
2 verified answers

Instruction