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valentinak56 [21]
3 years ago
5

On January 1, 2001, El Salvador "dollarized" its economy. The U.S. dollar circulated throughout the country along with the Salva

doran colon for the first year. By the end of 2002, the official currency circulating in the economy was the U.S. dollar. El Salvador abandoned its own currency and adopted the currency of the United States because:a. the government would no longer be able to finance deficits by printing money, and inflation would be under control.
b. the government would still be able to run deficits by printing money.
c. with dollars, monetary policy would be more effective at offsetting demand shocks in the economy.
d. the government would still be able to finance deficits by printing U.S. dollars, and inflation would be under control.
Social Studies
1 answer:
Bas_tet [7]3 years ago
7 0

Answer: the government would no longer be able to finance deficits by printing money, and inflation would be under control.

El Salvador adopted the dollar because it's revenue could no longer service the budget. The adoption of the dollar will put a control to inflation since the dollar is the currency it uses to trade in the foreign market.

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This is the orientation in which a manager is concern more about the task and less concern on people. This is a degree on which the manager emphasizes objectivity, organization needs, and high production. it is decided by the manager from his/her team that the manager focused on the result than people's concern.

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Hope this helps! (you might want to look up certain dates and specifics of his pilgrimage, I hope this is a good outline though!)

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