AnswersHSSUS US History Sem 1 26-27Civil Rights and Voting Rights

Week 15: The Economy in the 1970s Answers

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1
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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
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Which of the following factors affected the US economy during the 1970s?

A
stagflation
B
low inflation
C
low unemployment
D
high GDP
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

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.
5

How did the shortage of oil from OPEC nations affect the United States?

A
It created more unemployment.
B
It lowered unemployment.
C
It helped businesses to diversify.
D
It caused oil production to rise.
6

President Carter’s first economic plan proposed

A
decreasing government spending.
B
challenging the oil embargo.
C
increasing government spending.
D
lowering the price of everyday goods.
7

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

Question illustration
A
by about 7 percentage points
B
by 10 percentage points
C
by about 15 percentage points
D
by 5 percentage points
8

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
9

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.
10

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.

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Week 15: The Economy in the 1970s Answers —…