In 1965 During the Johnson Administration, the U

question 46

Multiple Choice

In 1965 during the Johnson administration, the U.S. economy was headed toward an inflationary gap. Which of the following policies would an economist recommend?

• A) An open market purchase
• B) A tax increase
• C) A tax cut
• D) Increase defense spending

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Definitions:

Obligations

Duties or commitments that one is bound to by law, promise, or moral responsibility.

Nonhuman Life

Refers to all living organisms that are not humans, including animals, plants, fungi, and microorganisms.

Inherent Value

The intrinsic worth of something, recognized as valuable in and of itself, not solely for its utility to humans.

Worldview

A comprehensive perspective from which one sees and interprets the world and their place within it.