Policy Essay Examples Page 22

Case Analysis In 1989 Japan was widely viewed as an economic super-power. After three decades of robust economic growth it had risen to become the world’s second-largest economy. Japanese companies seemed to be obliterating entire American industries, from automobiles and semiconductors to earthmoving equipment and consumer electronics. Japanese companies were buying assets in the United…

Acronyms: Gross Domestic Product- Measure of the market value  of goods and services produced by a country. Real income- Income of individuals or the nation which is adjusted for inflation. Aggregate Demand-Total amount of goods and services in the economy at a given overall price level and in a given period. Inflation-The rise in the…