The 2001 devaluation of the Argentine peso did NOT:

Name: The 2001 devaluation of the Argentine peso did NOT:
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Question

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The devaluation of the Argentine peso in 2001 did not help close an inflationary gap. In fact, it worsened inflation as the inflation rate increased after the devaluation. The other choices are incorrect because the devaluation did help promote Argentine exports, helped close a recessionary gap, and reduced the deficit of the current account.

The 2001 Devaluation of the Argentine Peso Did NOT