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Why Are the 1990s Sometimes Referred to as Japan's "Lost

Question 14

Multiple Choice

Why are the 1990s sometimes referred to as Japan's "lost decade"?


A) Similar to the Great Depression in the U.S. ,Japan's unemployment remained at double-digit levels throughout the 1990s.
B) The Japanese were reluctant to use fiscal policy to stimulate aggregate demand,which would have prompted an economic recovery.
C) Following the stock market crash of 1990,GDP was persistently weak throughout the decade,only growing at a rate of about 1 percent.
D) Despite the strong economic growth during the decade,stock market prices have not recovered.

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