According to Robert Gordon (1969, 1999), the extraordinary expansion of physical production in 1942–45 was achieved by
(a) massive government investment in new plants and equipment.
(b) finally bringing into production manufacturing plants and equipment that had been idle
since the early 1930s so that big government investment was not necessary.
(c) the Federal Reserve's peg on the bond market, which enrolled the private sector to
mobilize the necessary capital to invest in new plant and equipment.
(d) none of the above.
(a)
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Over the past 50 years, deaths among children have
A) declined in most high-income countries and have remained relatively unchanged in most low-income countries. B) declined in nearly all countries, including most low-income countries. C) declined in most high-income countries and have risen in most low-income countries. D) remained relatively unchanged in most high-income countries and have declined in most low-income countries.
Which of the following is the result of a banking panic?
a. A decrease in the demand deposit multiplier b. An increase in the money supply c. An increase in bank reserves d. A decrease in the money supply e. An increase in the demand deposit multiplier