The us decision to raise interest rates in the 1970s had, Ask an Expert

Economics

The US decision to raise interest rates in the 1970s had ALL of the following results EXCEPT

1. fought inflation back home

2. raised interest rates on variable rate loans held abroad denominated in US$

3. pushed developing countries toward default

4. increased demand for Latin American exports

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91675703

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