Stabilisation measures in 1991 were

short-term steps to correct the balance of payments and control inflationCorrect answerYour answerlong-term steps to make the whole economy more efficient and competitiveCorrect answerYour answersteps to nationalise banks and raise tariffs on importsCorrect answerYour answersteps to bring back the system of industrial licencesCorrect answerYour answer

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CorrectNot quiteAnswer A

Correct answer: A

Stabilisation is short-run: build up enough foreign exchange reserves and keep rising prices in check.

Worth noting

Making the economy efficient and competitive is the job of structural reforms.

Concept: Stabilisation
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsStabilisation and structural reforms

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Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

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Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

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Stabilisation measures in 1991 were

Explanation