Many of Today's American Welfare Programs Began During the 1960s

question 52

True/False

Many of today's American welfare programs began during the 1960s, under Kennedy and Johnson.

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Definitions:

Vertical Axis

In a graph or chart, this axis represents the range of values or criteria that are measured upward and downward.

Money Supply Curve

A graphical representation showing the relationship between the quantity of money in an economy and the price level or interest rates.

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy.

Deflation

A decrease in the general price level of goods and services, typically indicative of a reduction in the supply of money and credit in the economy.