Japan's Actions in the Pacific,which Led to Conflict with the Allies

question 70

Multiple Choice

Japan's actions in the Pacific,which led to conflict with the Allies in the Second World War,began with its efforts to establish what Japan referred to as a(n) :

• A)Japanese Economic Development Area.
• B)Greater Japanese Empire.
• C)Greater Pacific Co-Prosperity Sphere.
• D)East Asian Sphere of Prosperity.
• E)East Asian Development Sphere.

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Definitions:

Low Sacrifice Ratio

A condition indicating that an economy can reduce inflation with a relatively small decrease in economic output or increase in unemployment.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Central Bank

An institution that manages a country's currency, money supply, and interest rates. Central banks also oversee the commercial banking system of their respective countries.

Sacrifice Ratio

The sacrifice ratio measures the cost of reducing inflation in terms of the percentage of GDP lost per each percentage point decrease in inflation.