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  • 1. According to the author, when did deflation really hit?
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  • 2. What happened to the global economy during that time?
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  • 3. How did governments respond to the depression?
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  • 4. How does the depression of the 1930s compare to Japan\'s situation in the 1990s?
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  • 5. Is the United States in danger of a wave of deflation on the order of that experienced in the 1930s?
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