MAH Final Exam

Who was the Republican President who advocated for law and order, took the United States off the gold standard, and froze wages and prices in the early 1970's.

• Richard Nixon

• Gerald Ford

• Jimmy Carter

• Ronald Reagan

Who was the Republican President who pardoned Nixon. During his term, the economy worsened, which he tried to fight stagflation by tax cuts.

• Richard Nixon

• Gerald Ford

• Jimmy Carter

• Ronald Reagan

Who was the Democratic President who had to deal with the Iranian Hostage Crisis. Dealt with a failing economy by advocating for reducing unemployment and shifting taxes to the wealthy. Advocated for the environment.

• Richard Nixon

• Gerald Ford

• Jimmy Carter

• Ronald Reagan

Who was the Republican president known for "trickle-down" economics, tax cuts, and spending cuts.

• Richard Nixon

• Gerald Ford

• Jimmy Carter

• Ronald Reagan

What was the federal economic polices of the Reagan administration. These policies combined supply-side tax cuts, and cutting government spending. Their goal was to reduce the size of the federal government and stimulate economic growth.

• Reaganopoly

• Reaganomics

• Ergonomics

• Budget surplus

Who was the Democratic president (1993-2001) whose two-term presidency witnessed rapid economic growth, and had budget surplus.

• Ronald Reagan

• George H.W. Bush

• Bill Clinton

• George W. Bush

Where government brings in more money through taxes than it spends on programs and military.

• budget deficit

• Reagonomics

• globalization

• budget surplus

What is the process by which businesses or other organizations develop international influence or start operating on an international scale?

• budget deficit

• Reagonomics

• globalization

• budget surplus

What was the North American Free Trade Agreement; allows open trade with US, Mexico, and Canada.

• NASA

• NSA

• NATO

• NAFTA

What was a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation) during the 1970's?

• inflation

• stagnation

• stagflation