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Explain the hyperinflation experienced by these countries

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Question: During the 1980s, a number of Latin American countries had a debt crisis where they could no longer borrow money from international markets to finance their government spending. Assuming that the tax revenues collected by these countries remained constant, how would you explain the hyperinflation experienced by these countries during the late 1980s and early 1990s?

 

 

Reference no: EM133577474

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