What Are the Three Main Lessons on Crisis Learned from Early

Question 103
Multiple Choice

What are the three main lessons on crisis learned from early developing countries in Latin America? A) choosing the right exchange rate regime, the importance of contagion and the importance of the banking system B) choosing the right real rate, the importance of following exchange rates, and keeping prices high to make the most profit C) pegging exchange rates with Euros, keeping labor cost and wages low D) maintaining money supply, avoiding tariffs, and increasing output E) maintaining money supply, avoiding inflation, and increasing production