Which of the following is FALSE about the American economy since World War II?Group of answer choicesThe USA experienced an economic depression after the war that lasted to the early 1970sThe USA experienced an economic boom from the 1990s to 2007The USA experienced a massive economic recession by 2008 that led to double-digit unemploymentThe USA experienced a cycle of recessions during the 1970s and 1980s
Question
Which of the following is FALSE about the American economy since World War II?Group of answer choicesThe USA experienced an economic depression after the war that lasted to the early 1970sThe USA experienced an economic boom from the 1990s to 2007The USA experienced a massive economic recession by 2008 that led to double-digit unemploymentThe USA experienced a cycle of recessions during the 1970s and 1980s
Solution
The statement that is FALSE about the American economy since World War II is: "The USA experienced an economic depression after the war that lasted to the early 1970s".
After World War II, the United States did not experience an economic depression that lasted until the early 1970s. Instead, the post-war period was marked by significant economic growth and prosperity, often referred to as the "post-war economic boom". This was a period of great economic expansion, increased consumer spending, and widespread prosperity.
The other statements are true. The USA did experience an economic boom from the 1990s to 2007, often referred to as the "dot-com bubble" and the "housing bubble". The USA also experienced a massive economic recession by 2008, known as the "Great Recession", which led to double-digit unemployment. Additionally, the USA did experience a cycle of recessions during the 1970s and 1980s.
Similar Questions
How did World War II affect the economy of the United States?A.The United States experienced an economic boom that contributed to its rise as the world's prominent economy.B.The value of the U.S. economy became dependent on the repayment of large war bonds from other countries.C.The control of the U.S. economy shifted from complete government oversight to input from private industry.D.The United States was driven into a decade of economic depression because of the costs of the war.SUBMITarrow_backPREVIOUS
Which of the following war pulled USA out of recession in 1950? A. Vietnam B. Second World war C. Cold War D. Korean War
What was true about the economic boom after World War II?A.Families headed by single females made economic gains.B.Families headed by African Americans achieved equality of income.C.Home ownership decreased.D.The American economy became the world's strongest.
The "Great Compression" refers to which aspect of the American economy since World War II?Group of answer choicesThe economic boom from the late 1940s to the early 1970sThe cycle of recessions from the early 1970s to the early 1990sThe economic boom from the 1990s to 2007The massive economic recession of 2008 that led to double-digit unemployment
Which one of the following WAS NOT associated with the recessions that slowed down the U.S. economy during the 1970s and early 1980s?Group of answer choicesInflation and rising unemploymentDeindustrialization of the Manufacturing BeltThe end of cheap oil with the "oil shocks"Increasing competition from China
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.