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  • 16-02-2017
  • Social Studies
Answered

  1. Why did economist John Kenneth Galbraith believe that America's postwar economy was a new phenomenon?

Verified Answer :

Greenleafable
Greenleafable Greenleafable
  • 23-02-2017

He claimed that it was a new phenomenon because the postwar economy was booming in the US, unlike the rest of the world. As he claims, while there should be scarcity, there's an economy of abundance in the US, which goes against common sense.

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