What best describes the changes in federal spending of the US economy from 1939 to 1949?
A) Between 1939 and 1944 military expenditures increased substantially and civilian-related expenditures remained about the same.
B) Between 1939 and 1944 both military and civilian-related expenditures increased substantially.
C) Between 1939 and 1944 the production possibilities frontier for military and civilian-related expenditures shifted out.
D) Between 1944 and 1949 military expenditures decreased substantially and civilian-related expenditures returned to 1939 levels.
Correct Answer:
Verified
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