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Explain how a war could end a recession

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Some economists claim World War II Ended the Great Depression of the 1930s. The war effort 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 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?

Reference no: EM132476555

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