Based on the Japanese Experience of the 1990s,in the Aftermath

question 24

Multiple Choice

Based on the Japanese experience of the 1990s,in the aftermath of the 2008-2009 recession,Americans can expect that

• A)asset prices will quickly return to their pre-recession levels.
• B)fiscal stimulus will promote a quick,sustainable recovery.
• C)housing and stock market prices are unlikely to rebound quickly.
• D)expansionary monetary policy will result in a period of deflation.

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Definitions:

Social Norms

Expected standards of conduct within a society that guide the behavior of its members.

Internalize

The process of incorporating the values, attitudes, and norms of a society into one's own belief system.

Conformity

The act of matching attitudes, beliefs, and behaviors to what is considered normal or acceptable in society.

Financial Success

The achievement of financial goals and stability, often measured by wealth, income, and ability to meet personal and family needs.