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    Exam 12: The Business Cycle, Inflation, and Deflation
  5. Question
    When Japan Experienced Deflation in the 1990s, Japan's Real GDP
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When Japan Experienced Deflation in the 1990s, Japan's Real GDP

Question 94

Question 94

Multiple Choice

When Japan experienced deflation in the 1990s, Japan's real GDP


A) grew more rapidly than during any decade since the 1960s.
B) grew more slowly than in decades during which Japan experienced inflation.
C) did not grow at all.
D) Both answers B and C are correct.

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