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In the Late 1990s Argentina Suffered a Serious Recession but Was

Question 62

Multiple Choice

In the late 1990s Argentina suffered a serious recession but was able, unlike Brazil, to prevent a sharp devaluation of its currency.This is most likely because:


A) Argentina pursued a contractionary monetary policy but Brazil did not.
B) Argentina pursued an expansionary monetary policy but Brazil did not.
C) Brazil pursued a more contractionary monetary policy than Argentina.
D) Brazil pursued a more expansionary monetary policy than Argentina.

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