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The Vietnam war affected the U.S. economy during the early 1970s by:

A. Lowering the deficit

B. Leading to a recession

C. Creating stagflation

D. Raising unemployment

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Joshua Stredder
Joshua StredderLv10
5 Oct 2020

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Related questions

Which of the following best describes the effect of the Vietnam War on the US economy?
Ā 
(i) The billions that the United States spent eventually caused a recession.
(ii) Massive government spending stimulated the economy.
(iii) The billions that the United States spent devastated the US economy until the early 1970s.
(iv) There was no real effect on the US economy due to the Vietnam War.

According to supply-side fiscal policy, reducing tax rates on wages and profits will:

a. create demand-pull inflation.

b. lower the price level but may trigger a recession.

c. result in stagflation.

d. reduce both unemployment and inflation.

Federal Reserve Banks directly affect the national economy by:
Ā 
A) administering consumer protection laws.
B) increasing and decreasing the money supply.
C) providing oversight and services for financial institutions.
D) raising and lowering interest rates.

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