I need help with everyting but number 5 they are incorrect
QUESTION 4 Which of the following helped created the "perfect storm" for the genesis of Argentina's crisis? (select all that apply) multiple adverse trade shock foreign interest rate shock capital outflow and speculative attack O financial sector instability caused by speculative real estate investment QUESTION 5 In hindsight Argentina held onto its fixed currency too long. Which of the following helps explain why the IMF may have contributed to that mistake? O the IMF wanted to see Argentina fail. Because Argentina would not take the IMF's policy advice. O The IMF would profit from depreciation as the institution had taken huge bets against the country's currency the IMF had recommended the currency peg in the first place and would "lose face", creidbility if the system failed. the IMF was busy helping Turkey at the time and did not have manpower for advising Argentina QUESTION 6 How did the Argentine crisis end? depreciation, government debt default and resumed economic growth O devaluation to a sustainable fixed rate against the USD, international restructuring of Argentina's debt to avoid default @ a long and deep recession with fiscal policy contraction designed to increase budget surpluses for paying foreign creditors O a bailout from the IMF allowing the currency to remain stable and ward off speculative attack QUESTION 7 Together with large current account deficits, the Argentine government began running increasingly large budget deficits. How might this be structurally related to the choice of a fixed exchange rate regime? deficits were needed to finance capital outflow at the established rate O with no monetary policy, fiscal policy became the only macroeconomic policy tool to fight recessions O fiscal profligacy had nothing to do with the exchange rate, Argentina's political leadership was as irresponsible as its monetary leadership had been O the debt allowed Argentina's government to import arms for an attempt at another war with Brittain