The decline of the greenback against gold made imports more ...

[burchfield96]

The decline of the greenback against gold made imports more expensive.
 
  Indicate whether the statement is true or false

Question 2

Sovereign debt crises:
 
  a. always occur when debt/GDP ratios reach a specific point.
  b. mean that the optimal budget deficit is zero.
  c. can lead to foreign capital flight.
  d. can lead to exchange rate depreciation.
  e. both c and d.

[tkempin]

Answer to Question 1

True

Answer to Question 2

E

[burchfield96]

Thanks for the timely response, appreciate it

[olderstudent]

TYSM