Once Wartime Spending Is Under Way and Production Is Diverted

question 16

Multiple Choice

Once wartime spending is under way and production is diverted away from household consumption items and private investment goods,

• A) real Gross National Product will likely fall.
• B) the money supply will automatically increase.
• C) inflation will likely rear its ugly head if productivity ?does not advance.
• D) production and employment will fall.

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