Why Does the Japanese Experience of the 1990s Offer Some

question 35

Multiple Choice

Why does the Japanese experience of the 1990s offer some insight with regard to the 2008-2009 recession in the United States?

• A)Japan was able to recover from World War II into an economic power and used a similar blueprint to recover from the recession in the 1990s.
• B)The structure of the Japanese labor market is much like that of the United States.
• C)Japan experienced a rapid increase in real estate and other asset prices followed by a sharp reduction in those prices much like the U.S.prior to 2008.
• D)Following the Japanese recession beginning in 1992,Japan used monetary and fiscal policy to effectively promote a quick recovery.

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Definitions:

Employee's Intentional Torts

Acts committed by an employee with the intention to cause harm or damage, which can lead to legal liability for the employer under certain conditions.

Detrimentally Changed

Refers to a negative alteration in circumstances or conditions that adversely affects someone or something.

Reasonable Belief

A person's honest conviction or acceptance that a fact or condition is true, based on factual evidence or credible information.

Authority of the Principal

The legal right or power given to an agent to act on behalf of a principal in business transactions.