Economic Concept

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Back in the 1960s, President Lyndon Johnson passed legislation that increased expenditure for both the Vietnam War and social problems in the US. Since the US economy was operating at its full employment level when President Johnson did this, he appeared to be ignoring what economic concept?

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President Johnson ignored the fact that Vietnam veterans would add to to the social problems because of their drug habits, increased tendencies for violent behaviour, and psychiatric diseases like Post traumatic stress ...

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