Under the U

question 71

Multiple Choice

Under the U.S. macroeconomic policy package of 1965-1968, President Lyndon Johnson backed an increase in U.S. government spending that was financed by

• A) the sale of gold reserves.
• B) borrowing from the International Monetary Fund.
• C) an increase in the money supply.
• D) an increase in taxes.
• E) selling bonds in the international capital market.

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Definitions:

Settlement Amount

The sum of money agreed upon by parties to resolve a dispute or claim without continuing to trial.

Release

An agreement in which one party frees another from liability, claims, or demands, or the act of making a legal document publicly available.

Offeree's Silence

Generally not considered an acceptance of an offer in contract law, unless certain conditions or previous dealings imply agreement.

Acceptance

In contract law, the unconditional agreement to the terms of an offer, which once given, creates a binding contract.