In 1968, President Johnson and Congress Implemented a Temporary Surcharge

question 42

Multiple Choice

In 1968, President Johnson and Congress implemented a temporary surcharge on personal and corporate income taxes.What was the effect of this?

• A)economic activity declined sharply and the economy entered a recession
• B) consumption and investment spending declined significantly
• C) households decreased their savings and aggregate demand was hardly affected at all
• D)consumption and saving declined, while investment was not affected
• E)both A and B

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Definitions:

HRIS

Human Resource Information System, a software or online solution used for data entry, data tracking, and the data information needs of an organization's human resources (HR) management.

Organizational Decision Makers

Individuals or groups within an organization who have the authority to make important decisions affecting the organization's direction or operation.

Internal Supply Estimates

Projections or assessments of the availability of resources, personnel, or capabilities within an organization to meet its current or future needs.

Economic Force

A factor that influences the direction and dynamics of an economy, including elements like supply and demand, inflation, and government policy.