Analyzing Conflicting Economic Goals

In the early 1960s, the U.S. administration introduced 'wage-price guideposts,' a set of voluntary standards intended to keep wage and price increases in line with gains in national productivity. This policy was primarily an attempt to balance which two potentially conflicting economic objectives?

Rationale for Kennedy's Economic Objectives

Match each of the primary economic objectives of the Kennedy administration with the statement that best describes its intended outcome.

Evaluating a Policy Proposal in the 1960s

The economic policies of the early 1960s U.S. administration prioritized stimulating economic growth above all other objectives, accepting significant inflation as a necessary side effect.

An administration in the early 1960s is facing a sluggish economy with high joblessness. Arrange the following policy objectives in a logical sequence that reflects a typical strategy to first stimulate the economy and then ensure its long-term stability.

In addition to fostering economic growth and lowering unemployment, a key objective of the economic policies during the early 1960s was to prevent ______, a general increase in prices and fall in the purchasing value of money.

An economic advisor in the early 1960s presents the administration with a challenge: the national economy is showing signs of sluggish growth, and unemployment is higher than desired. At the same time, there is a noticeable, steady upward trend in the general level of consumer prices. Given the administration's key economic objectives, which of the following policy proposals would be the most likely to be adopted?

Evaluating a Policy Response to an Inflationary Threat