Which of the Following Best Describes Japan's Fiscal Policy Response

question 1

Multiple Choice

Which of the following best describes Japan's fiscal policy response to the recession in the 1990s?

• A)Japan tried to stimulate the economy through a series of tax rate reductions as suggested by supply-side economics.
• B)Japan reduced government spending as a share of the economy,and the central government balanced its budget annually.
• C)Japan expanded government spending as a share of the economy and financed the spending with budget deficits and increased borrowing.
• D)Japan maintained a balanced budget during the 1990s,just as the U.S.did during the Great Depression.

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Extraversion

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Agreeableness

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Personality Characteristics

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