All the transition economies suffered a transition recession:

Suppose a country's net exports equal 0. If the volume of imports increases without any change in the volume of exports, the country will experience a ________

A) trade deficit B) budget deficit C) trade surplus D) budget surplus

A flexible exchange rate system crisis involves

A) a revaluation of the currency. B) a rapid and uncontrolled depreciation of the currency. C) a decrease in the dollar value of the country's international debt. D) a sure political collapse of the ruling government. E) All of the above.