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Q3. In Japan from the 19905 to the late 20005, the interest rates fell to very low levels. However, this failed to stimulate consumption or

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Q3. In Japan from the 19905 to the late 20005, the interest rates fell to very low levels. However, this failed to stimulate consumption or investment spending. Use the aggregate expenditure model to explain what might have happened. (Word limit: 300 words)

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