Which phrase was used by economist John Kenneth Galbraith to describe the prosperity of the 1950s? “baby boom generation” “postwar years” “expanding middle class” “affluent society

The Affluent Society is a book by economist John Kenneth Galbraith, in which he describes the way in which the United States' economy operated in the 1950s. He argues that the country became wealthy in the private sector but poor in the public sector. Galbraith argued that the government needed to invest on social infrastructure using funds from taxation if it wanted to remain ahead.

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ogorwyne ogorwyne · Answer 2 · 2022-02-23T13:19:40+01:00

ogorwyne ogorwyne

23-02-2022

The statement that John Kenneth used to describe the baby boom period was an affluent society.

What was the baby boom period?

This was a period that was characterized by the birth of a lot of children in the United States.

This period came to be during the end of the world war. Most of the soldiers were back from the war front and the economy was a good one too.