An article in the Wall Street Journal in 2017 about Venezuela noted, The economy has shrunk by

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An article in the Wall Street Journal in 2017 about Venezuela noted, “The economy has shrunk by an estimated 27% since 2013. The International Monetary Fund says inflation this year will hit 720%.” Are these facts related? Briefly explain.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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