In competitive markets the products sold are different depending on the firm selling the product. it is hard for a seller to enter the market due to…
September 3, 2020
Consider a closed economy to which the Keynesian-cross analysis applies as follows C=300+0. Consider a closed economy to which the Keynesian-cross analysis applies as follows
September 3, 2020

During LBJ’s war on poverty in the 1960’s, what was the economic conditions in the U.S. and what accounted for the conditions? Did anything change in any of the following:

  • Gross Domestic Product (GDP) growth (or not)
  • Unemployment
  • Inflation / Recession
  • International trade
  • Currency valuation
  • Fiscal policy by the government
  • Monetary policy from the Federal Reserve

Please cite sources if any, thank you.

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