Japanese Prime Minister Ryutaro Hashimoto was called the "Herbert Hoover of Japan" because he
a. looked like a very distinguished politician.
b. advocated vast public works to combat unemployment.
c. advocated budget deficit reduction in the midst of a recession.
d. advocated easier monetary policy and lower interest rates to combat recession.
c
You might also like to view...
The Law of Demand is the reason behind:
A) the price elasticity of demand having a positive value. B) the income elasticity of demand having a positive value. C) the price elasticity of demand having a negative value. D) the income elasticity of demand having a negative value.
During the late 1980s and early 1990s, most of the budget deficits were accounted for by
a. the decline of foreign investment in the United States. b. the downturn in the economy. c. deliberate fiscal policy changes. d. All of the above are correct.
An appreciation of the U.S. dollar
a. is the same thing as a decrease in the consumer price level. b. increases the purchasing power of the U.S. dollar in foreign markets for goods and services. c. decreases the purchasing power of the U.S. dollar in foreign markets for goods and services. d. is the same thing as an increase in the consumer price level.
During the 1990s, the United Kingdom experienced low levels of inflation while Turkey experienced high levels of inflation. A likely explanation of these facts is that
a. the United Kingdom has a better education system than Turkey. b. the rate of growth of the quantity of money was slower in the United Kingdom than in Turkey. c. workers in Turkey are more productive than workers in the United Kingdom. d. there are more instances of market power in Turkey than in the United Kingdom.