Which of the following is a similarity between Japan's response to the recession of the 1990s and the U.S.response to the Great Depression?
A) Both countries reduced government spending as a percentage of GDP significantly in response to the recessions.
B) Both countries were able to utilize fiscal policy to significantly reduce unemployment during the recessions.
C) Both countries followed a restrictive monetary policy during the recessions.
D) Both countries tried to stimulate real output and aggregate demand by shifting to a more expansionary monetary policy.
Correct Answer:
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