Which of the Following Statements Correctly Characterizes Fertility Rates in the Postwar

question 14

Multiple Choice

Which of the following statements correctly characterizes fertility rates in the postwar period?

• A) The birth rate rose steadily, beginning during the Great Depression and continuing until 1950.
• B) The birth rate peaked in the late 1950s, then began a steep decline reaching very low rates in the 1970s.
• C) The birth rate has fallen steadily since 1940 due to the increased labor force participation of women.
• D) During the postwar period, the birth rate has tended to rise in during recessions and fall during periods of economic growth.

---

Definitions:

Coefficient

A numerical or constant factor in a mathematical expression, showing the degree of some change under certain conditions, often used in equations to measure relationships between variables.

Price Elasticity of Supply

This measures how much the quantity supplied of a good changes in response to a change in the price of that good.

Midpoint Formula

A method used in economics to calculate the elasticity of a variable, such as demand or supply, based on changes in price and quantity from a midpoint on a curve.

Elastic

Describes a situation in economics where the demand or supply for a good or service significantly changes in response to a change in price.