The Public level debt, Taxes and Inflation increase on the other hand consumption and investment decrease.
Explanation:
- Economic benefits of World War 2 were the Industrial renewal and large scale employment rise to 10% in both the military and industries which aided the military.
- World war 2 took place from 1939-1945 which involved 30 countries. American factories retooled to produce goods to support the war. Also, it destroyed the economy by making weapons and ammunition very expensive.
