Which of the following events in U.S.history did not create economic growth (shift the production possibilities curve outward)?
A)The Louisiana Purchase in 1803 that nearly doubled the land mass of the United States.
B)Inventions of machines such as Cyrus McCormick's mechanical reaper.
C)The introduction of the moving assembly line in automobile production by Henry Olds.
D)The dramatic reduction in the U.S.unemployment rate from 1939 to 1941 as we prepared to enter World War II.

Question

Quizplus · Accepted Answer

The reduction in unemployment from 1939 to 1941 was not an event that directly created economic growth or shifted the production possibilities curve outward. It was a result of increased government spending and preparation for war, which did lead to economic growth later on.

Which of the Following Events in U