In? 1919, the british economist john maynard keynes wrote the influential book the economic consequences of the peace? , in which he argued that the reparations for world war i that germany was being forced to pay to the united? states, france,? italy, and the united kingdom would have devastating? consequences: open double quote"but who can say how much is? endurable, or in what direction men will seek at last to escape from their ? misfortunes?
? source: john maynard? keynes, the economic consequences of the peace? , new? york: harcourt, brace and? howe, 1920, p. 251.
which of the following was not a consequence of the reparations germany was being forced to? pay?
a. the money supply shrank.
b. employee wages lost their value before they had time to spend it.
c. many workers abandoned their jobs.
d. unemployment increased.