Severe fiscal imbalances can directly trigger a currency crisis since
A) investors fear that the government may not be able to pay back the debt and so begin to sell domestic currency.
B) the government may stop printing money.
C) the government may have to cut back on spending.
D) the currency must surely increase in value.
A
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Demand-pull inflation is most likely to occur during a period of
a. stagflation b. rising input costs c. rising unemployment d. military expansion e. corporate restructuring
Who said this statement? "If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it from them with some part of the produce of our own industry, employed in a way in which we have some advantage."
A. Adam Smith B. Fredric Bastiat C. Murray Weidenbaum D. Joel Kurtzman