AnswersHCISD-US History Studies Since 1877 B-CR SUMMERNixon and Watergate

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

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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Nixon and Watergate