He Bresser plan set up interest rates below inflation to break the consumption boom that overheated the economy under the Cruzado Plan.
Answer the following statement(s) true (T) or false (F)
Ans: False.
( Cruzado plan introduced in 1986. It was an anti-inflammatory programme. But included wage and price freezes resulting in a consumption boom and overheated economy . lnflation sored and the plan ( Bresser plan) was introduced.
* Bresser plan aimed to keep interest rates above inflation in order to prevent the excess consumption that failed cruzado plan.)
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