Which of the Following Best Describes Japan's Monetary Policy Leading

question 59

Multiple Choice

Which of the following best describes Japan's monetary policy leading up to and during the recession of the 1990s?

• A)Japan's monetary policy was expansionary during the 1980s,but it shifted toward restriction during the 1990s.
• B)Japan's monetary policy was restrictive during the 1980s,but it was much more expansionary during the 1990s.
• C)Japan's monetary policy was expansionary during the 1980s and remained expansionary in the 1990s.
• D)Japan's monetary policy was restrictive during the 1980s and remained restrictive in the 1990s in order to combat inflation.