Gordon suggests that the Japanese deflation is bad because it is caused by
A)too high a rate of technological progress.
B)a downward shift in the short-run aggregates supply schedule.
C)a contraction in aggregate demand.
D)B and C

Question

Quizplus · Accepted Answer

The Answer of Gordon suggests that the Japanese deflation is bad because it is caused by
A)too high a rate of technological progress.
B)a downward shift in the short-run aggregates supply schedule.
C)a contraction in aggregate demand.
D)B and C

Gordon Suggests That the Japanese Deflation Is Bad Because It