Which of the following was true of the Real Plan implemented by Brazil in 1994?
A) It emphasized the need for a strong currency, strict limits on government spending, and an opening up of the economy.
B) It led to a period of high inflation and plunging growth rates, which forced the government to declare economic bankruptcy.
C) It tried to boost the economy by encouraging unrestricted imports and banning exports.
D) It tried to boost the economy by allowing the takeover of the coffee and sugar plantations by European multinational companies.
E) It emphasized the need for undervalued interest rates and heavy government spending on public infrastructural projects.
Correct Answer:
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