11.8 The debt crisis of the 1980s severely hit Argentina, significantly reducing its GDP while sharply increasing...
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11.8 The debt crisis of the 1980s severely hit Argentina, significantly reducing its GDP while sharply increasing inflation. Politicians experimented with various policies to combat the recession and hyperinflation, but none seemed to offer sustainable results. In 1991, a radical experiment was implemented and was successful till 1998. Explain what this macroeconomics policy was and outline its limits.
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