Author Question: In order to accumulate the resources that they needed to make interest payments, Latin American ... (Read 77 times)

clmills979 · **on:** Jun 30, 2018

In order to accumulate the resources that they needed to make interest payments, Latin American countries were forced to used macroeconomic policies that

A) devalued their currencies and caused deep recessions.
B) revalued their currencies and caused increased inflation.
C) devalued their currencies and caused increased inflation.
D) revalued their currencies and caused deep recessions.

Question 2

Total debt is more important in figuring out the ability of a country to service its debt than are debt to GDP and debt to export ratios.

Indicate whether the statement is true or false