THE COLD WAR 1950 1973
THE COLD WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following was NOT a factor of the economic growth in America following World War II?
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Increasing salaries
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Making purchases with credit
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Production of war materials
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Merging of labor unions
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Explanation:
Detailed explanation-1: -Answer and Explanation: The following is not a factor in economic growth: Full employment.
Detailed explanation-2: -The long-term growth rate is largely determined by the amount of physical capital and human capital and the rate of technological change in the economy. Physical capital includes all the man-made resources workers use to produce goods and services, including tools, machinery, and other infrastructures.
Detailed explanation-3: -Driven by growing consumer demand, as well as the continuing expansion of the military-industrial complex as the Cold War ramped up, the United States reached new heights of prosperity in the years after World War II.
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