Geb 3375 chapter 7 - Study guides, Class notes & Summaries

As economies move toward greater privatization, there is a greater likelihood of facing the phenomenon that Japan faced due to the stock market collapse. Privatization transfers assets _____. - Answer-from state to private owners Deflation occurs when consumers expect prices to _____. - Answer-be lower tomorrow than today In 1989, Japan was an economic superpower; it was _____. - Answer-the second-largest economy Japan and other market-based economies enjoy economic growth, but also face gr...