Why Are the 1990s Sometimes Referred to as Japan's "Lost

question 2

Multiple Choice

Why are the 1990s sometimes referred to as Japan's "lost decade"?

• A)Similar to the Great Depression in the U.S. ,Japan's unemployment remained at double-digit levels throughout the 1990s.
• B)The Japanese were reluctant to use fiscal policy to stimulate aggregate demand,which would have prompted an economic recovery.
• C)Following the stock market crash of 1990,GDP was persistently weak throughout the decade,only growing at a rate of about 1 percent.
• D)Despite the strong economic growth during the decade,stock market prices have not recovered.

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Definitions:

Case Study

An in-depth investigation of a single person, group, event, or community, often used in psychology, sociology, and anthropology.

Naturalistic Observation

Research method involving observing subjects in their natural environment without intervention.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone, and the highest level of psychological development according to Maslow's hierarchy of needs.

Humanism

A philosophical and ethical stance that emphasizes the value and agency of human beings, individually and collectively, and generally prefers critical thinking and evidence over acceptance of dogma or superstition.