Unlike World War I (1914-18),the war debt of World War II (1941-45)was manageable and did not contribute to inflation.
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Q13: According to Robert Gordon (1969,1999),the extraordinary expansion
Q14: Output expanded and was distributed toward wartime
Q15: Residential construction did not return to its
Q16: Keynes (1941)claimed that government spending during wartime
Q17: When World War II (1941-45)came,
A) the labor
Q19: If the increase in government expenditures of
Q20: During World War II (1941-45),Engel's law applied.As
Q21: During World War II,the distribution of income
Q22: Bonds sales to finance World War II
Q23: Tax policies involving increases in taxes paid
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