Author Question: The decline of the greenback against gold made imports more expensive. Indicate whether the ... (Read 55 times)

burchfield96 · **on:** Jun 30, 2018

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.