1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dexar [7]
3 years ago
8

The large amounts of government spending on the Vietnam War and the Great Society led to inflation for American citizens. Inflat

ion is a situation where money loses some of its purchasing power. The United States government uses an economic measurement known as the Consumer Price Index to measure changes in prices for common consumer products. Consider the following table that highlights changes in prices during the 1960s: Inflation During the Vietnam War Period, 1960 to 1971 Year Change in Consumer Price Index, December to December, Unadjusted Change in CPI, Year-to-Year, Adjusted Change in Producer Price Index, December to December, Unadjusted Change in PPI, Year-to-Year, Adjusted Annual Change in GNP Implicit Price Deflator 1960 1.5 1.6 1.8 0.8 1.6 1961 0.7 1.0 −0.5 0.0 0.9 1962 1.2 1.1 0.1 0.3 1.8 1963 1.6 1.2 −0.2 −0.3 1.5 1964 1.2 1.3 0.5 0.4 1.5 1965 1.9 1.7 3.3 1.7 2.2 1966 3.4 2.9 2.2 3.2 3.2 1967 3.0 2.9 1.6 1.2 3.0 1968 4.7 4.2 3.1 2.8 4.4 1969 6.1 5.4 4.8 3.7 5.1 1970 5.5 5.9 2.2 3.5 5.4 1971 3.4 4.3 3.2 3.1 5.0 Source: Economic Report of the President, 1982: 237, 295, 302 Answer the following questions. Use the chart if needed. What year saw the greatest increase in the adjusted CPI? What might account for the greater increases in adjusted CPI in the late 1960s compared to the mid-1960s? Why might inflation be bad for American consumers?
History
2 answers:
tia_tia [17]3 years ago
7 0

1. What year saw the greatest increase in the adjusted CPI?

The adjusted CPI had its largest increase in 1973, having an 11.04% rate of inflation.

2. What might account for the greater increases in adjusted CPI in the late 1960s compared to the mid-1960s?

The late 1960's increase in inflation was due to the increase of taxes, increase the issuance of currency and cutting public expenditures, in the Lyndon B Johnson government, in order they could meet the military expenses they where having at that moment thanks to the Vietnam war.

3 - Why might inflation be bad for American consumers?

If there is an increase in inflation but not in salary, the amount of earnings will not be powerful enough overtime, which means American consumers would be needing more money to satisfy their daily requirements.




pochemuha3 years ago
7 0

1970

Increased involvement in the Vietnam War, Great Society programs fully in effect.

Consumers lose purchasing power with inflation forcing them to buy less.

You might be interested in
Republicans argued that new deal reforms made it difficult for
nlexa [21]
<span>  The conservatives believed the new deal made it difficult for business to grow </span><span>
</span><span>
</span>The new deal was criticized by the conservative for leading to a larger government. They believed that the new deal made the conditions hostile for economic growth and thus impeded on business.

<span />
6 0
3 years ago
Will give brainlist
nata0808 [166]

Answer:

Your Ans is by using strong backing from Georgia's citizens

Explanation:

Mark as brainliest

3 0
3 years ago
Read 2 more answers
After britain issued the intolerable acts, colonists punished anyone supporting british policies or officials by
Yuliya22 [10]
Ye the British ,, could also
3 0
3 years ago
Which of these statements is true regarding Alexander Hamilton's Federalist vision of America compared with Thomas Jefferson's v
Nezavi [6.7K]

Answer:

idk

Explanation:

well idk cus i dont rememebr lol

7 0
3 years ago
Read 2 more answers
What was Kennedy's stance on the Civil Rights Movement? Provide proof.
daser333 [38]

provide protection of every American's right to vote under the United States Constitution, end segregation in public facilities, and require public schools to

7 0
2 years ago
Other questions:
  • The point of view of the artist in the caricature of 18th century french society shown above is that
    10·1 answer
  • How did four american presidents extend american influence throughout the world between 1897 and 1917?
    10·2 answers
  • What system of government is established ?
    6·2 answers
  • Which list of innovations resulted from the challenges posed by World War II ?
    12·2 answers
  • How democractic was the Athenian democracy? (Choose the BEST answer)
    7·1 answer
  • The thirteen-diety jnanadakini mandala uses ________ to suggest that there is a hidden order to the universe.
    9·2 answers
  • In the Venn diagram below, list at least one way that the pharaohs of ancient Egypt are similar to presidents in the United Stat
    10·1 answer
  • In what year did Hitler rearm Germany with the goal of recapturing German lands? *
    8·2 answers
  • 6th grade history i mark as brainliest​
    12·2 answers
  • Which statement best evaluates the effectiveness of the speaker’s argument? It is effective because it mentions specific ways th
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!