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Why Does the Japanese Experience of the 1990s Offer Some

Question 4

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Why does the Japanese experience of the 1990s offer some insight with regard to the 2008-2009 recession in the United States?


A) Japan was able to recover from World War II into an economic power and used a similar blueprint to recover from the recession in the 1990s.
B) The structure of the Japanese labor market is much like that of the United States.
C) Japan experienced a rapid increase in real estate and other asset prices followed by a sharp reduction in those prices much like the U.S.prior to 2008.
D) Following the Japanese recession beginning in 1992,Japan used monetary and fiscal policy to effectively promote a quick recovery.

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