Which of the Following Most Accurately Describes Japan's Fiscal and Monetary

question 46

Multiple Choice

Which of the following most accurately describes Japan's fiscal and monetary policies during the 1990s?

• A)Both fiscal and monetary policy were expansionary.
• B)Both fiscal and monetary policy were restrictive.
• C)Fiscal policy was restrictive,but monetary policy was expansionary.
• D)Fiscal policy was expansionary,but monetary policy was restrictive.

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Definitions:

Lifeguard

A person trained and employed to prevent accidents and rescue swimmers in a swimming pool, water park, or beach.

Rescission

The act of revoking, canceling, or repealing a contract, returning all parties to their positions prior to the agreement.

Mutual Agreement

An understanding or contract reached between two or more parties, often formalized by a document, indicating a concurrence of wills or intentions.

Accord And Satisfaction

A contractual agreement where a dispute is settled by the parties involved agreeing to give and accept something of value in resolution.