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Suppose Brazil Faces Domestic Recession and a Current Account Surplus

Question 47

Multiple Choice

Suppose Brazil faces domestic recession and a current account surplus.Should Brazil revalue its currency,one would expect the:


A) Recession to become less severe--surplus to become less severe
B) Recession to become more severe--surplus to become more severe
C) Recession to become more severe--surplus to become less severe
D) Recession to become less severe--surplus to become more severe

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