ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is one of the things that Abenomics did?
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Heavy Government Spending
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Loose Monetary Policy
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Attempt on expanding workforce
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Weak Government
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Explanation:
Detailed explanation-1: -The reform plank of Abenomics aimed to boost productivity by cutting red tape and corporate taxes, as well as expanding the country’s rapidly ageing workforce by encouraging the participation of more women, seniors and immigrants.
Detailed explanation-2: -Abenomics has “three arrows": (i) aggressive monetary policy, (ii) fiscal consolidation, and (iii) growth strategy.
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