Production and Output in WWII
How did the United States "gear up" their production and output so much for WWII? I ask that you explain this by using the Production Possibilities Curve, addressing in particular the changes in output and in labor force participation (including the new women workers).
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During WW2 the United States was emerging from the Great Depression, which was the only time in the country's history that it was inside the curve because unemployment was extremely high, and production was extremely low. The war resulted in massive amounts of resources for production of military vehicles, weapons, uniforms etc. for the war effort, which resulted in a reduction in unemployment while the gross domestic product grew. Production Possibility Curve ...
Solution Summary
The solution discusses production and output in WWII.