3. Argentina's priority before the COVID-10 crisis should have been to fight inflation and cut its primary deficit by two percentage points by 2018-2020, said the International Monetary Fund (IMF) in a report. The IMF believes that "fiscal rebalancing would need to be based on further reductions in the generous and ill- targeted energy subsidies and on a rationalization of spending in many other areas, including public wages, goods and services, and discretionary transfers to the private sector". The inflation rate fluctuates around 24%. Use the I-S (loanable funds market), the money market to propose some macroeconomic measures that could help to stimulate the economy and fight the high inflation rate.

3. Argentina's priority before the COVID-10 crisis should have been to fight inflation and cut its primary deficit by two percentage points by 2018-2020, said the International Monetary Fund (IMF) in a report. The IMF believes that "fiscal rebalancing would need to be based on further reductions in the generous and ill- targeted energy subsidies and on a rationalization of spending in many other areas, including public wages, goods and services, and discretionary transfers to the private sector". The inflation rate fluctuates around 24%. Use the I-S (loanable funds market), the money market to propose some macroeconomic measures that could help to stimulate the economy and fight the high inflation rate.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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