In 1991, El Salvador ended a fifteen-year civil war, and the new government in place introduced a number of liberalization policies that included privatization, exchange rate liberalization, tariff reductions, tax exemptions to foreign direct investment, and a more market-oriented economy. These economic reforms are examples of:
A) a fiscal and monetary policy change.
B) a policy change.
C) a regime change.
D) both a policy change and a regime change.
Correct Answer:
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