Explain how Brazil was able to reduce the rate of inflation from ...

[Themember4]

Explain how Brazil was able to reduce the rate of inflation from 2,669 percent in 1994 to less than 10 percent in 1997?
 
  What will be an ideal response?

Question 2

Countervailing duties are intended to neutralize any unfair advantage that foreign exporters might gain because of foreign
 
  A) tariffs.
  B) subsidies.
  C) quotas.
  D) Local-Content legislation.
  E) comparative advantage.

[Carissamariew]

Answer to Question 1

By introducing a new currency and initially pegging it to the dollar. At the cost of widespread bank failures, high interest rates in 1995 and the shift to a fixed upwardly crawling peg and a substantial real appreciation of the local currency.

Answer to Question 2

B