What impact did the events of World War II have on economic theory?
A. The commonly-held notion that foreign markets were necessary as a consumer of domestic goods was re-evaluated.
B. Government spending was seen as a means of reducing unemployment and increasing consumer spending.
C. Tax cuts were realized as an effective means of promoting private sector job growth and spending.
D. Government surpluses were viewed as necessities for stimulus spending during long-term recessions.
Answer: B
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