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Why Were Government Regulation and Federal Taxes Easy to Live

Question 40

Multiple Choice

Why were government regulation and federal taxes easy to live with between World War II and the early 1970s?


A) GDP was growing at about 4 percent per year.
B) Americans knew they lived better than the rest of the world.
C) Americans were happy to see their tax dollars spent on defense.
D) Federal regulations were minimal and taxes were very low.

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