What Strategy Did Yasushi Mieno, Governor of the Bank of Japan

question 49

Multiple Choice

What strategy did Yasushi Mieno, Governor of the Bank of Japan, believe was appropriate in the face of declining aggregate output in Japan in the early 1990s?

• A)He decided to use an expansionary monetary policy.
• B)He decided to advise the Japanese government to use an expansionary fiscal policy, while keeping monetary policy neutral.
• C)He decided to rely on economic expansion in the United States to increase demand for Japanese products.
• D)He decided to wait for downward adjustment of the price level.

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A measurement of a stock's volatility indicating that it moves in the opposite direction of the overall market.

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A company that specializes in the exploration and extraction of gold from mines or ore bodies.