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One Hypothesis for the Lack of Success of the Rapid

Question 44

Multiple Choice

One hypothesis for the lack of success of the rapid fiscal expansion in Japan financed by increased borrowing in the 1990s to prevent a sharp economic downturn is:


A) Ricardian equivalence.
B) a large number of discouraged workers.
C) a sharply depreciated Japanese yen.
D) rising expected inflation.
E) high nominal interest rates.

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