Which of the Following Is a Major Difference Between the Japanese

question 21

Multiple Choice

Which of the following is a major difference between the Japanese experience of the 1990s and the U.S.in 2008-2009?

• A)The U.S.saving rate is much lower than that of Japan during the 1990s.
• B)The labor force of the U.S.is getting younger,while the labor force of Japan was aging.
• C)The U.S.responded to its downturn with considerable stimulus spending,while Japan failed to significantly increase government spending.
• D)In the U.S.the recession was the result of a severe downturn in real estate prices,while in Japan,a lengthy recession eventually led to a downturn in real estate prices.

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Definitions:

Comparative Economics

Comparative economics studies and contrasts the differences, advantages, and disadvantages of various economic systems, such as capitalism and socialism.

Economic Theory

A framework or set of principles used to analyze and make predictions about economic behaviors and phenomena.

Teenage Unemployment

The scenario reflecting the unemployment rate among teenagers, often highlighting challenges in job market access and entry-level job availability for young individuals.

Minimum Wage

The lowest legal wage that employers can pay workers, set by government policy with the aim to ensure a minimum standard of living for employees.