Problem
A. How did the U.S. economy initially respond to WWII?
B. What was the significance of the guns and butter trade-off that we discussed in class?
C. Why did war production increase dramatically during WWII?
D. WWII provides evidence for both Keynesian and Monetarist arguments for the cause of and solution to the Great Depression. What is that evidence?
E. Discuss the imposition and consequences of price controls.
F. What impact did WWII have on labor?
G. What were the legacies of WWII?