Which one of the following WAS NOT associated with the recessions that slowed down the U.S. economy during the 1970s and early 1980s?Group of answer choicesInflation and rising unemploymentDeindustrialization of the Manufacturing BeltThe end of cheap oil with the "oil shocks"Increasing competition from China

Which of the following was NOT one of the likely causes of the productivity problem in the 1970s?Group of answer choicesthe increase in energy prices in the 1970shigh saving ratesan increase in government regulationa slowdown in investment spending

The 1970's Energy crisis caused which effects?Election of George W BushLoss of jobsStock Market CrashLong lasting drop in oil pricesIncrease in profits

The 1970s was a period of high productivity growth in the United States.Group of answer choicesTrueFalse

Which of the following describes what happened when the Roosevelt recession occurred?FDR increased federal spending which led to a drop in industrial production.Four million more people were added to the unemployment rolls and industrial production dropped by 40%.Four million people found jobs and industrial production increased by 40%.FDR started programs that his critics believed limited business.

The "Great Compression" refers to which aspect of the American economy since World War II?Group of answer choicesThe economic boom from the late 1940s to the early 1970sThe cycle of recessions from the early 1970s to the early 1990sThe economic boom from the 1990s to 2007The massive economic recession of 2008 that led to double-digit unemployment