Which of the Following Conditions Did the United States Not

question 76

Multiple Choice

Which of the following conditions did the United States not face in the late 1970s?

• A) Plummeting energy prices.
• B) Americans being held hostage.
• C) Unemployment.
• D) Recession.
• E) Inflation.

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Definitions:

Federal Reserve Board

An independent agency of the federal government established in 1913 to regulate the nation’s banking and financial industry.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.