The Japanese Experience of the 1990s Indicates That

question 13

Multiple Choice

The Japanese experience of the 1990s indicates that

• A)restrictive monetary policy during a recovery will prevent inflation and promote stable economic growth.
• B)increases in government spending will promote a faster and stronger recovery from an economic recession.
• C)housing and stock prices are unlikely to rebound quickly when the economy moves toward recovery.
• D)large budget deficits and temporary tax cuts will stimulate aggregate demand and real output.

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Definitions:

Mikhail Gorbachev

A former Soviet statesman whose policies of glasnost and perestroika played significant roles in the demise of the Soviet Union.

Overthrow

The act of removing and replacing a government or ruling system by force.

Holden Caulfield

The fictional protagonist of J.D. Salinger's novel "The Catcher in the Rye," known for his critical outlook on society and struggle with the concept of adulthood.

Soviet Union

A former federal socialist state in Eastern Europe and Northern Asia, existing from 1922 to 1991, known for its communist form of government.