In 1965 During the Johnson Administration, the U

question 76

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:

Job Security

The probability that an individual will retain their job over a prolonged period without the risk of becoming unemployed.

Mechanized Agriculture

The use of advanced machinery and equipment in farming to increase efficiency, productivity, and scalability of agricultural operations.

Urban Riots

Violent disturbances that occur within urban areas, often as expressions of social or political grievances by marginalized groups.

Railroad Construction

This involves the building of railway lines, which was crucial for industrial growth and westward expansion in many countries during the 19th century.