In the early 2000s, it was recognized that Japan had
A)a very low money multiplier.
B)very rapid growth in the monetary base.
C)very rapid growth in the money supply.
D)to begin to focus on interest rates instead of the money supply.

Question

Quizplus · Accepted Answer

Japan experienced a very low money multiplier during the early 2000s, which meant that increases in the monetary base did not translate into proportional increases in the money supply.

In the Early 2000s, It Was Recognized That Japan Had