How were aggregate demand, income, and employment affected in Canada during World War II?

Question

Quizplus · Accepted Answer

During World War II, Canada experienced a significant increase in aggregate demand due to government spending on military resources, resulting in increased income and employment. The government also implemented policies like rationing and price controls to manage the economy during the war, which helped to maintain employment levels.

How Were Aggregate Demand, Income, and Employment Affected in Canada