Which of the following caused a recession in the years immediately following World War II?
A)A surge in investment spending.
B)Pent-up demand for consumer goods.
C)Cutbacks in defense production.
D)Technological advances.

Question

Quizplus · Accepted Answer

Cutbacks in defense production caused a recession in the years immediately following World War II. The war had created a major demand for defense production, but this demand dropped significantly after the war ended. This led to cutbacks in production, which in turn caused job losses and decreased economic activity, resulting in a recession.

Which of the Following Caused a Recession in the Years