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Chako Chako
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8 years ago
In 1981-1983, the world economy suffered a steep recession. Naturally, the fall in industrial countries' aggregate demand had a direct negative impact on the developing countries. What other mechanism was an even more important contributor to this event?
A) the collapse in primary commodity prices and the immediate, large rise in the interest burden that debtors had to pay
B) the dollar's sharp depreciation in the foreign exchange market
C) the increase in primary commodity prices, increasing terms of trade in many poor countries
D) the immediate steep inflation that followed the recession
E) the influx of defaulting credit
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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#2
8 years ago
I doubted this website before I signed up. I regret not being a member earlier lol
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7 years ago
Happy to help you!
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