According to Robert Gordon,what led to the decline in unemployment in the 1940s?
A) structural barriers to expanding output and employment disappeared once a sufficiently large increase in aggregate demand had taken place
B) decline in unionization of the workforce
C) President Truman moving away from the policies implemented by President Roosevelt
D) the strengthening of property rights following the end of the New Deal

Question

Quizplus · Accepted Answer

According to Robert Gordon, the decline in unemployment in the 1940s was due to the disappearance of structural barriers that were limiting output and employment. This happened once there was a significant increase in aggregate demand, which was brought about by the massive spending during WWII.

According to Robert Gordon,what Led to the Decline in Unemployment