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We want to understand why the devaluation of currencies and the slowdown in foreign lending...

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Finance

We want to understand why the devaluation of currencies and the slowdown in foreign lending that accompanied the debt crisis led to such negative macroeconomic outcomes. Show how these events could lead to the change in P and Y (high inflation rates and large fiscal deficits as well as stunted growth rates) using a graph of SRAS and AD.

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