Fiscal and Monetary Policies Adopted by the Carter Administration in the First

question 20

Multiple Choice

Fiscal and monetary policies adopted by the Carter administration in the first half of his term resulted in

• A) stable prices and low unemployment.
• B) deflation.
• C) a rapid rise in the inflation rate.
• D) a balanced federal budget.

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Definitions:

Economic Depression

A prolonged period of significant decline in economic activity across a broad spectrum of the economy, marked by high unemployment and low production and consumption.

National Legislation

National legislation refers to laws and regulations enacted by a country's legislative body that apply throughout the entire nation, governing matters of national concern such as defense, economy, and civil rights.

Agricultural South

Refers to the region in the United States where agriculture, particularly the cultivation of crops like cotton and tobacco, was the dominant economic activity, especially in the period before the Civil War.

African Americans

A racial or ethnic group in the United States with ancestry primarily from sub-Saharan Africa.