During the Johnson Administration, the U

question 32

Multiple Choice

During the Johnson administration, the U.S.economy was headed toward an inflationary gap.In 1967 President Johnson proposed a temporary 10% increase in personal income taxes.If the Fed wanted to mitigate the effects of this contractionary policy, what could it do?

• A)conduct an open market purchase
• B)conduct an open market sale
• C)raise the reserve requirement ratio
• D)raise the discount rate

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Mental health conditions characterized by enduring patterns of behavior, cognition, and inner experience that deviate from cultural expectations and cause significant impairment or distress.

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