Under the U.S. macroeconomic policy package of 1965-1968, President Lyndon Johnson backed an increase in U.S. government spending that was financed by

Name: Under the U.S. macroeconomic policy package of 1965-1968, President Lyndon Johnson backed an increase in U.S. government spending that was financed by
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The increase in U.S. government spending during this period was primarily financed by an increase in the money supply, as the government opted for monetary expansion to support fiscal policies.