Business, 17.03.2020 04:32 khenalilovespandas

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

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Answer from: epicriderexe

The answer is cutbacks in defense production

One of the main reasons of the recession which was immediate after the world war 2 was the government's inability to produce anything as most expense was carried out in the event of the war which decreased the gross domestic product making the economy to fall into recession.

Answer from: macp98463oz47dl

Cutbacks in defense production.

Explanation:

World War II refers to a global war that started in 1939 and ended in 1945.

The end of World War II was immediately followed by a recession known as the Recession of 1945.

The Recession of 1945 occurred as a result of the reduction in government spending especially on defense production like arms and ammunition due to demobilization and movement to peacetime from a wartime economy.

This resulted into an enormous fall in gross domestic product (GDP) and the US economy technically entered a recession.

Therefore, cutbacks in defense production caused a recession in the years immediately following World War II.

Answer from: Quest

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Answer from: Quest

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7. customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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