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1) Which of the following is NOT a lesson that economist have learned from the crises that have afflicted poor and middle income countries in the
1) Which of the following is NOT a lesson that economist have learned from the crises that have afflicted poor and middle income countries in the past few decades
a) even healthy economies can be adversely AFFECTED BY CONTAGION
b) maintaining a fixed exchange rate can hinder a central bank ability to act as a lender of last resort
c)a when failure in multiple markets exist, it is important to consider how liberalization or reflect market will affect others market
d)maintaining a fixed exchange rate avoids speculation and the best way to prevent a final occurring in the first place
e) a crisis in the banking sector can magnify economic problem for other sectors
