Question

what was the state of the economy when carter became president?
the economy was growing rapidly.
the economy was failing rapidly.
✓ inflation and unemployment were high
inflation and unemployment were low.

what was the community reinvestment act of 1977?
○ a law taxing communities and giving that money to banks
○ a law that gave money to people in low - income areas
○ a law that encouraged bank lending in low - income areas
○ a law taxing banks and lending that money to low - income people

Explanation:

For the first question: When Jimmy Carter took office in 1977, the U.S. faced stagflation, a period characterized by both high inflation and high unemployment.
For the second question: The Community Reinvestment Act of 1977 was designed to combat redlining by requiring banks to meet the credit needs of the low- and moderate-income neighborhoods they serve, encouraging lending in these areas.

Answer:

1. Inflation and unemployment were high.
2. A law that encouraged bank lending in low-income areas