Which of the following is a similarity between the Japanese experience of the 1990s and the U.S.economic downturn in 2008-2009?
A) A rapid increase in real estate prices preceded the economic troubles.
B) An economic bust of real estate prices and a drop in stock market prices contributed to both downturns.
C) A flood of loan defaults that created huge problems for the banking and financial sectors were present during both downturns.
D) All of the above.
Correct Answer:
Verified
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