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During the Japanese Downturn of the Early 1990s and the U.S.recession

Question 32

Multiple Choice

During the Japanese downturn of the early 1990s and the U.S.recession of 2008-2009,both countries


A) followed a highly expansionary monetary policy.
B) raised taxes in order to balance the budget of the central government.
C) followed a highly restrictive monetary policy.
D) increased government spending and ran large budget deficits as a share of the economy.

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