The Field Hypothesis (2003)suggests That Production Possibilities Expanded During the Depression
The Field Hypothesis (2003)suggests that production possibilities expanded during the depression years.Much of the resulting increase in potential went unrealized,though.This explains why potential output in 1942 was greater than expected.
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Q6: Since the economy was operating at less
Q7: The Employment Act of 1946 continues to
Q8: All economists agree that World War II
Q9: The rules of strict constitutionality apply even
Q10: The command of World War II (1941-45)
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Q12: The U.S.economy experiences a public debt when
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
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