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How did President Carter respond to the energy crisis in 1979? |
He tried to increase US oil production. |
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The Federal Reserve’s attempts to reduce inflation in 1979 |
caused the economy to slow further. |
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Stagflation in the US economy during the 1970s resulted in |
slow economic growth |
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According to the graph, which best states how the price of oil per barrel changed between 1976 and 1981? |
The price more than doubled. |
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The Community Reinvestment Act of 1977 succeeded in |
reducing discrimination against borrowers. |
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President Carter’s Community Reinvestment Act |
encouraged banks to lend in low- and moderate-income areas. |
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Which of the following factors affected the US economy during the 1970s? |
stagflation |
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President Carter’s first economic plan proposed |
increasing government spending |
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Under President Carter, the Federal Reserve |
raised interest rates in an attempt to slow down inflation. |
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As a result of a revolution in Iran during 1978 and 1979, |
Iran’s government was replaced by one that was hostile to the United States. |
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When President Carter took office in 1977, the US economy was |
improving slightly. |
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The US recession in the 1970s was caused by |
an oil embargo. |
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A major event that took place in the United States in 1979 was |
an energy crisis. |
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How much did inflation increase during President Carter’s term? |
by about 7 percentage points |
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What did Americans experience during the oil shock of 1979? |
gas shortages |
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President Carter’s policies for increasing economic growth in America |
had a slight impact. |
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Which measures did President Carter propose to help the US economy in the late 1970s? |
a reduction in foreign energy dependence |
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How did the shortage of oil from OPEC nations affect the United States? |
It created more unemployment. |
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