Which of the following is a similarity between the Japanese experience of the 1990s and the U.S.in 2008-2009?
A) Both responded to an economic downturn with higher taxes designed to balance the budget.
B) Both responded to an economic downturn with reductions in government spending designed to balance the budget.
C) Both responded to an economic downturn with expansionary fiscal policy.
D) Both responded to an economic downturn with expansionary monetary policy.
Correct Answer:
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