When did policy makers in the U.S.first use fiscal policy with the intent of manipulating Aggregate demand to move the economy to its potential level of real GDP?

Question

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During the Kennedy administration, policymakers implemented fiscal policies with the intent of manipulating aggregate demand to move the economy towards its potential level of real GDP. This was done through a combination of tax cuts and government spending increases, known as the "Kennedy-Johnson Tax Cut." This was a significant departure from the fiscal policy of the Eisenhower administration, which focused more on balancing the budget and reducing public debt.

When Did Policy Makers in the U