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Loraine Loraine
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8 years ago
During the late 1960s, U.S. defense spending increased as the United States fought in Vietnam. This increase in government expenditure on goods and services most likely created
A) a recessionary gap.
B) an inflationary gap.
C) a decrease in aggregate supply.
D) a decrease in aggregate demand because consumers' expenditures decreased.
E) an increase in potential GDP.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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