Beginning in the mid-1970s, regulatory activity by the federal government declined and a movement toward deregulation emerged.

Name: Beginning in the mid-1970s, regulatory activity by the federal government declined and a movement toward deregulation emerged.
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This statement is true. The mid-1970s saw a shift in the government's regulatory approach towards deregulation, as seen with the Airline Deregulation Act of 1978 and the Staggers Rail Act of 1980.

Beginning in the Mid-1970s, Regulatory Activity by the Federal Government