Taylor, Jason E.; Basu, Bharati; McLean, Steven - In: The Journal of Economic History 71 (2011) 02, pp. 444-454
While economists predicted a return to double-digit unemployment rates during the reconversion from World War II, this outcome did not materialize. This article explores the role that the significant rise in net exports—which accounted for nearly 4 percent of GDP in 1946 and 1947—played in...
