Which of the following was a similarity between the Japanese recession of the early 1990s and the U.S.recession of 2008-2009?
A) Following the recession,there was a sizeable increase in the population over 65 in both countries.
B) Balancing the budget was the focus of fiscal policy during the recessions in both countries.
C) Both countries followed a restrictive monetary policy in response to the recessions.
D) Neither country increased government expenditures in response to the recessions.
Correct Answer:
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