By 2001, crisis conditions had revealed three very important underlying problems Argentina's economy EXCEPT:
A) The Argentine peso was overvalued.
B) The currency board regime had eliminated monetary policy alternatives for macroeconomic policy.
C) The printing of paper money without restrictions, resulting in hyperinflation.
D) The Argentina government budget deficit was out of control - government spending continued to increased but tax receipts did not.

Question

Quizplus · Accepted Answer

The printing of paper money without restrictions leading to hyperinflation was not one of the underlying problems revealed by the crisis in Argentina's economy. The other options (A, B, and D) were all significant issues that contributed to the crisis.

By 2001, Crisis Conditions Had Revealed Three Very Important Underlying