A country like Venezuela has had high inflations, making its bolivar
worthless. Answer the following:
- How could their inflationary problem be resolved once and for all? Consider and remark
on the the following solutions, considering what they involve and how effective they might be.
a. A full official dollarization
b. Adoption of BitCoin or nother crypto currency such as the Petrolo.
c. Legislation mandating a balanced budget approved by the Congress and signed into law by the
President.
3.Which of these do you think is the most likely to succeed, if any