How Did Lyndon Johnson's Great Society Program Impact the Executive

question 33

Multiple Choice

How did Lyndon Johnson's Great Society program impact the executive level of government?

• A) It transferred appropriations designated for the poor from Congress to the presidency.
• B) It reduced the level of bureaucracy in the executive branch.
• C) It created two new cabinet positions, Housing and Urban Development (HUD) and Transportation
• D) It, rather than the states, took control of running the new Medicaid program.

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Market Interest Rate

The prevailing rate at which interest is offered on deposits or loans in the financial markets for a particular term and risk profile.

Effective Interest Rate

An adjusted interest rate that accurately reflects the cost of borrowing including fees and compounding.

Stated Rate

The annual interest rate declared on a loan or investment, not accounting for compounding or additional fees.

Effective Interest Method

A method used in accounting to allocate the interest income or expense over the relevant period, adjusting for the impact of discount or premium on the purchase of bonds.