Argentina

How did Argentina's Inflation Became a Problem?

• Argentina's president was spending the country's money on luxury goods

• Argentina's central bank lowered interest to negative territory

• A revolution happen

• A drought and stock market crashed

What did Argentina's consumers spend their money, fueling inflation

• the low cost of housing

• a boom in casinos

• Reduction of subsidies to Argentines utility bills

• lowered interest rates

Argentina is Latin America’s ______ _______ and third-largest economy, but it has long struggled with economic and political dysfunction.

How many times has Argentina has defaulted on its sovereign debt

• nine

• six

• twelfth

• eight

Inflation topped ___ _______ before the 2023 election

When did the peso depreciate in Argentina

• September

• July

• August

• December

How were people not affect

• Consumers lose their spending power, which increases poverty within the country

• Farmers had to sell their land due to the high cost of maintaining the land

• More than 57% of Argentina's people are considered poor

• Salaries have deteriorated

Inflation in Argentina has led to a surge in demand for?

• U.S. dollars

• healthcare coverage

• Canadian currency

• lower prices

• better living conditions

Argentina is the _________ economy in Latin America

What are some ways to Improve Argentina's Inflation?

• Central bank must be independent of the financing

• Increases the subsidies for gas and electricity

• To instill policies

• Government needs to be restricted

• Introduce a new currency