When measured as a percentage of GDP, the U.S. national debt reached its highest levels as a result of:
a. World War II.
b. The Vietnam War.
c. The Reagan defense buildup and tax cut.
d. The Bush economic recovery program.
a
Economics
You might also like to view...
The remarkable success of the HPAEs proves that
A) trade policy is the key to successful economic growth. B) trade policy is irrelevant to successful economic growth. C) high educational standards is the key to successful economic growth. D) dual economies must suffer economic stagnation. E) trade policy can lead to a higher standard of living for developing countries.
Economics
Some economists suggest the optimal way for a nation to protect its access to a strategic mineral is with
A) an infant industry tariff. B) a high rate of effective protection to keep local mines in business. C) a quota on imports of the mineral. D) a stockpile.
Economics