Under the U.S. macroeconomic policy package of 1965-1968, President Ly

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:

A. the sale of gold reserves.

B. borrowing from the International Monetary Fund.

C. an increase in the money supply.

D. an increase in taxes.

E. selling bonds in the international capital market.

ANSWER

C