Explain how Brazil was able to reduce the rate of inflation from 2,669 percent in 1994 to less than 10 percent in 1997?
What will be an ideal response?
By introducing a new currency and initially pegging it to the dollar. At the cost of widespread bank failures, high interest rates in 1995 and the shift to a fixed upwardly crawling peg and a substantial real appreciation of the local currency.
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Gross domestic product is a measure of the total value of all
A) sales in an economy over a period of time. B) consumer income in an economy over a period of time. C) capital accumulation in an economy over a period of time. D) final goods and services produced in an economy over a period of time.
What is the primary difference between bundling and tie-ins?
A) Bundling is typically a one-off purchase. B) Contractual arrangements. C) Tie-ins are one-off purchases. D) Bundling is illegal and tie-ins are legal.