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Question
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 an increase in the money supply. This resulted in _____.
A. increased exports
B. a rise in price inflation
C. increased taxes
D. a positive trade balance
E. increase in the worth of currency
Answer
This answer is hidden. It contains 285 characters.
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