Which of the following is a potentially important difference between the U.S.economy today and the Japanese economy of the 1990s?

Question

Quizplus · Accepted Answer

The U.S. labor market is more flexible than Japan's was in the 1990s, meaning it is better able to respond to economic shocks and adjust to changes in demand for labor. This could potentially result in a more rapid recovery from economic downturns and a more resilient economy overall. The other options are not accurate: A) the U.S. fiscal policy response has been more expansionary than Japan's was in the 1990s, B) the rate of saving is actually lower in the U.S. than in Japan, and C) the elderly population will increase as a share of the population in the U.S.

Which of the Following Is a Potentially Important Difference Between