We can understand why the early 1990s saw such a restrictive monetary policy in Japan by considering all of the following explanations except

Question

Quizplus · Accepted Answer

Each of the explanations provided (A, B, C, D) are valid considerations for understanding the restrictive monetary policy in Japan during the early 1990s. Concerns over high inflation, the belief that the depression had nonmonetary causes, the need to counteract inflated asset prices, and the view that lowering interest rates further would be ineffective, all contribute to understanding the rationale behind the policy decisions of that time. Therefore, none of the given explanations can be excluded.

We Can Understand Why the Early 1990s Saw Such a Restrictive