Entry Exam Category: High School Equivalency Exams
Course: General Education Development (GED)
Exam: GED Social Studies Practice Test

Practice Question

The United States fought in World War II from 1941 to 1945. Which statement explains the peak annual inflation rate during the 1940s?
Question visual

Answer Choices

  • A: Consumer demand increased due to the end of rationing.
  • B: Manufacturing decreased because of less demand for weapons.
  • C: Government spending increased due to national defense.
  • D: Wages decreased because of competition for scarce jobs.

Correct Answer: C

Rationale: Massive WWII defense spending ($300B+) drove inflation by flooding economy with money

More Practice Questions

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