Super government control and new sketchy ideas.
The National Defense Education Act is a federal legislation signed into law by President Dwight D. Eisenhower on 1958. The Act provided funding to American schools and promoted post-secondary education.
One of the main reasons why Congress approved the Act was because they felt it would enable Americans to compete with Soviet science and technology. During the Cold War, such concerns over national security and competitive advantage were very influential in the drafting of legislation.
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The Red Scare was hysteria over the perceived threat posed by Communists in the U.S. during the Cold War between the Soviet Union
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GDP is measured by taking the quantities of all goods and services produced, multiplying them by their prices, and summing the total. GDP can be measured either by the sum of what is purchased in the economy or by what is produced. Demand can be divided into consumption, investment, government, exports, and imports.
The business cycle model shows how a nation's real GDP fluctuates over time, going through phases as aggregate output increases and decreases. Over the long-run, the business cycle shows a steady increase in potential output in a growing economy.