In the years after World War II, the United States briefly ran a trade surplus that peaked

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In the years after World War II, the United States briefly ran a trade surplus that peaked at about 5% of GDP in 1947. Use the national income identity (the investment = savings version) to provide a hypothesis that could explain what was going on.

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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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Question Posted: Feb 25, 2016 06:38 AM

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In the years after World War II, the United States briefly ran a trade surplus that peaked

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After the devastation of World War II much of Western Europe was poor but it was likely to recover q...View the full answer

Macroeconomics

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