Which of the following is a major difference between the Japanese experience of the 1990s and the U.S.in 2008-2009?
A) The U.S.saving rate is much lower than that of Japan during the 1990s.
B) The labor force of the U.S.is getting younger,while the labor force of Japan was aging.
C) The U.S.responded to its downturn with considerable stimulus spending,while Japan failed to significantly increase government spending.
D) In the U.S.the recession was the result of a severe downturn in real estate prices,while in Japan,a lengthy recession eventually led to a downturn in real estate prices.
Correct Answer:
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