Global Impacts - Chapter 9, problem #8 (pages 177) Global...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 9, problem #8 (pages 177) Global Impacts By N. S. 1 Chapter 9, problem #8 (pages 177) Global Impacts Narinder Schoeling Ashford University - Online Campus ECO - 203 Principles of Macroeconomics Instructor: Sam Palazzolo August 17, 200
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Chapter 9, problem #8 (pages 177) Global Impacts By N. S. 2 Some economist claim World War II ended the Great Depression of the 1930’s. The war effect was financed by borrowing massive sums of money from the public. Explain how a war could end a recession. Look at recent and back issues of the Economic Report of the President or the Statistical Abstract of the United States. How large was the federal government’s debt as a percentage of GDP in 1946? How large is it today? Some economist claim World War II ended the Great Depression of the 1930’s. The war effect was financed by borrowing massive sums of money from the public. Well I would believe that a war could end a recession because according to the text, the graph of the federal
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 4

Global Impacts - Chapter 9, problem #8 (pages 177) Global...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online