The drop in unemployment from over 11 percent in 1939 to roughly 1 percent in 1944
A) has been attributed by Keynesians as a validation of larger deficits as a solution to unemployment
B) has been attributed by Monetarists as a validation that a large increase in the money supply would cure the depression.
C) has been acknowledged as a success in Keynesian policies, with the caveat that inflation was only averted through price controls.
D) All of the above are correct.
Correct Answer:
Verified
Q2: What best describes real per capita GDP
Q3: Wartime economic mobilization resulted in
A) increased hours
Q4: Which of the following is most accurate
Q5: Which U.S. President was in office for
Q6: In 1940, civilian purchases of goods and
Q7: Between 1940 and 1944, real Federal spending
Q8: Economists such as James Tobin and Paul
Q9: To mobilize resources in WWII, the United
Q10: According to Robert Higgs,
A) World War II
Q11: Which of the following statements about labor
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