Which of the following exacerbated the problems caused by the trade deficit in Mexico prior to 1994?
A) the government and firms began to borrow in U.S. dollars instead of Mexican pesos.
B) political turmoil forced foreign investors to pull out their investments in the country.
C) the Mexican government did not undertake steps to slow down the growth rate of prices in Mexico.
D) All of the above are correct.
Correct Answer:
Verified
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