Problem
During the 1970s most Latin American countries ran huge budget deficits. As their governments resorted to printing money (increasing the money supply) to pay for these deficits, very high inflation rates resulted. As a consequence, real GDP declined or remained constant during the 1980s. Comment on the relationship between budget deficits, inflation, and real GDP growth.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.