Economics P15 Flashcards
0
Q
WWI lead to what period for the US economy?
A
BOOM Period
1
Q
What beautiful man describes why wartime spending is negative?
A
Wesley Mitchell
2
Q
The rate of economic growth slowed in the US during what year!
A
1917
3
Q
Most economic expansion occurred in the US when the nation did what?
A
Remained Neutral
4
Q
What happened to the British economy between 1913-15?
A
Contracted
5
Q
The real value of British output increased by what percent during WWI?
A
15%
6
Q
What nation was hit the hardest economical during WWI?
A
Russia
7
Q
When Russia withdrew, real GDP was less than ______ of its 1913 level.
A
70%
