Asked by

Julissa Aguirre
on Oct 13, 2024

verifed

Verified

Referring to a production possibilities curve and the goods being compared,depict the economic event.The increase in government spending due to World War II pulls the U.S.economy out of a depression to full employment of resources (guns vs.butter) .

A) A movement from a point inside the curve to a point on or near the curve
B) A movement from a point on or near the curve to a point inside the curve
C) A shift in the entire curve to the right (outward)
D) A shift in the entire curve to the left (inward)
E) A movement along the curve

Government Spending

The total amount of money spent by the government on various services and projects, such as healthcare, education, infrastructure, and defense.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and culminating in significant loss of life and the eventual defeat of Nazi Germany and Imperial Japan.

  • Scrutinize the consequences of past events and social changes on the economic and production prowess of nations.
  • Recognize the implications of government spending and institutional constraints on economic outcomes.
verifed

Verified Answer

CA
CESAR A MARRERO-FREYTESOct 18, 2024
Final Answer:
Get Full Answer