The Economy in the 1970s Answers

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

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

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

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

Why did President Carter want to reduce rules for businesses?

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

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

What triggered the second oil shock in 1979?

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

What was the Community Reinvestment Act of 1977?

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

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

What happened when stagflation became a problem for the economy during Carter’s presidency?

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

The purpose of this measure is to

Reducing the regulations on businesses was part of President Carter’s plan to

This means that Americans responded to Carter’s energy policy by maintaining the same level of dependence on oil.decreasing their dependence on oil.✔ increasing their dependence on oil.

What effects did the oil shock have on the United States? Check all of the boxes that apply.

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.