154k views
2 votes
What are two factors that caused economic difficulties at some point

from the 1990s to today? In your response, name a country or region
affected by each factor.

1 Answer

2 votes

Answer: Sorry if I'm wrong tried my best but here you go

Step-by-step explanation:

One factor that caused economic difficulties in the United States was the recession of the early 1990s. The San Francisco Federal Reserve published a paper in 1993 that laid out several causes for this recession, including “pessimistic consumers,” elevated oil prices linked to Iraq’s invasion of Kuwait, and "attempts by the Federal Reserve to lower the rate of inflation"

Another factor that caused economic difficulties in Japan was a prolonged recession that began in the 1990s. Many economists concluded that the more flexible, less planned, and more competitive American approach was a better strategy for economic growth in the new, globally-integrated environment;.

User Lauraann
by
7.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.