Which of the Following Is a Similarity Between the Japanese

question 14

Multiple Choice

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

• A)Both responded to an economic downturn with higher taxes designed to balance the budget.
• B)Both responded to an economic downturn with reductions in government spending designed to balance the budget.
• C)Both responded to an economic downturn with expansionary fiscal policy.
• D)Both responded to an economic downturn with expansionary monetary policy.

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Definitions:

Retail Sales

The selling of goods and services directly to consumers for their personal use, typically in small quantities.

Capital-intensive Business

A business that requires a significant amount of capital investment to create and maintain operations, often in industries like manufacturing.

Labor-intensive Business

A type of business that requires a large amount of manual labor to produce goods or services, as opposed to automation or machinery.

Service-intensive Business

A type of business that relies heavily on providing services rather than goods, characterized by a high level of customer interaction and service delivery.