Solved

Which of the Following Best Describes Japan's Fiscal Policy Response

Question 12

Multiple Choice

Which of the following best describes Japan's fiscal policy response to the recession in the 1990s?


A) Japan tried to stimulate the economy through a series of tax rate reductions as suggested by supply-side economics.
B) Japan reduced government spending as a share of the economy,and the central government balanced its budget annually.
C) Japan expanded government spending as a share of the economy and financed the spending with budget deficits and increased borrowing.
D) Japan maintained a balanced budget during the 1990s,just as the U.S.did during the Great Depression.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents