The Baby Boom is probably best explained by
A. the relative income hypothesis.
B. the pent up demand for children after World War ||
C. the increasing opportunity cost of having children over time.
D. the strategic bequest model.

Following the Great Depression and both World Wars I and II, people began a new life during the Baby Boom in the 1940s and 1960s.

The baby boom is explained by the strategic bequest model. The baby boom has created high demand for products related to babies. But it has been noted that unemployment has risen due to an increase in the population.

Therefore, option D the strategic bequest model is the appropriate answer.

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The Baby Boom is probably best explained by A. the relative income hypothesis. B. the pent up demand for children after World War || C. the increasing opportunity cost of having children over time. D. the strategic bequest model.

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The Baby Boom is probably best explained by
A. the relative income hypothesis.
B. the pent up demand for children after World War ||
C. the increasing opportunity cost of having children over time.
D. the strategic bequest model.