The worst recessions after World War II occurred
A)during 1945-1946 and 1973-1975.
B)during 1957-1958 and 1973-1975.
C)during 1973-1975 and 1981-1982.
D)during 1945-1946 and 1981-1982.

Question

Quizplus · Accepted Answer

The two worst recessions after World War II occurred during 1973-1975 and 1981-1982. Option A is incorrect as the recession of 1945-1946 was short-lived and transitioning from wartime to peacetime. Option B is incorrect as the recession of 1957-1958 was mild compared to others. Option D is incorrect as the recession of 1945-1946 was not severe, and 1981-1982, along with 1973-1975, saw two of the worst recessions.

The Worst Recessions After World War II Occurred