An Unexpected Feature of Chile's Stabilization Program in the 1970s

Multiple Choice

An unexpected feature of Chile's stabilization program in the 1970s was that:

A) export growth was weak after the real exchange rate appreciated.
B) the economy stabilized without requiring fiscal austerity.
C) the market's self-correcting mechanisms worked smoothly and quickly to eliminate the imbalances.
D) inflation stayed high despite tight monetary policy and a big drop in the fiscal deficit.