The Major Difference Between Japan's Response to the Recession of the 1990s

question 34

Multiple Choice

The major difference between Japan's response to the recession of the 1990s and the U.S.'s response to the recession of 2008-2009 was

• A)the failure of Japan to adopt fiscal stimulus packages.
• B)Japan's more expansionary monetary policy.
• C)the balanced-budget policy followed by the United States.
• D)the more expansionary monetary policy followed by the United States.

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Definitions:

Burdensomeness

The feeling or perception of being a burden to others, often associated with negative self-evaluation and emotional distress.

Temporal Discounting

The inclination among individuals to prioritize short-term gains over long-term benefits.

Degenerative Illness

A disease characterized by progressive functional decline or deterioration of cells and tissues.

Emotional Distress

A state of mental suffering or anguish induced by circumstances that are highly distressing or traumatic.