Practice Quiz

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221. Which of the following best describes the US economy at the end of Carter’s presidency?
  1. High growth and low inflation
  2. High unemployment and mild deflation
  3. Full employment and mild growth
  4. Record interest rates and high inflation
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222. Reagan won reelection in 1984 by a landslide, winning every state in the country except which?
  1. Minnesota
  2. Massachusetts
  3. New York
  4. California
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223. What was the basic premise behind supply-side economics?
  1. Government spending would spur economic growth.
  2. Tax cuts would spur economic growth.
  3. Subsidies for major oil suppliers would spur the economy.
  4. Military spending would spur the economy.
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224. Which of the following was one of President Clinton’s achievements?
  1. Solving the Israeli-Palestinian conflict
  2. Enacting universal health care
  3. Allowing gay soldiers to openly serve in the military
  4. Balancing the Federal budget
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225. Which of the following does not accurately describe changes in the US economy in the late 80s and the 90s?
  1. The importance of manufacturing declined.
  2. The US enjoyed its lowest poverty rate in 100 years.
  3. The number of multiple-income families increased.
  4. The degree of wealth inequality increased.
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