In 1988, the Mexican government passed an agreement called the which included commitments to reductions of the fiscal deficit, tightening of monetary policy, liberalization of trade, and an incomes policy that covered wages, prices, and exchange rates.
A) Real Plan.
B) Pacto.
C) NAFTA agreement.
D) none of the above.

Question

Quizplus · Accepted Answer

The agreement referred to is the "Pacto" (Pact), specifically the "Pacto de Solidaridad Económica," which was implemented in Mexico in 1988 to stabilize the economy through fiscal and monetary reforms, trade liberalization, and an incomes policy.

In 1988, the Mexican Government Passed an Agreement Called the Which