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Which of the Following Statements Characterizes the Economic Consequences of the Vietnam

Question 6

Multiple Choice

Which of the following statements characterizes the economic consequences of the Vietnam War?


A) During the Johnson years,the war consumed half the proportion of gross national product (GNP) consumed by World War II at its height.
B) The United States in the 1960s was so prosperous that the war had almost no adverse economic consequences.
C) In the summer of 1966,Johnson asked for-and Congress approved-a 20 percent surcharge on individual and corporate income taxes.
D) By 1968,the U.S.economy was entering a severe inflationary spiral that would last more than a decade.

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