在危机前和平静时期，贸易平衡的表现没有显著差异。

问题如下：

Which of Beauregard’s statements regarding a currency crisis is the most accurate?

选项：

A.Statement 3 B.Statement 2 C.Statement 1

解释：

Solution

A is correct. Statement 3 is the most accurate. Inflation tends to be significantly higher in pre-crisis periods compared with tranquil periods.

C is incorrect. Statement 1 is inaccurate. The trade balance displays no significant difference between its behavior in pre-crisis periods and in tranquil periods.

B is incorrect. Statement 2 is inaccurate. Real economic activity does not display a distinctive pattern ahead of a crisis but falls sharply in the aftermath of a crisis.

A是正确的。表述三是最准确的。与平静时期相比，危机前的通胀水平往往要高得多。

C是不正确的。表述一是不准确的。在危机前和平静时期，贸易平衡的表现没有显著差异。

选项B不正确。表述二不准确。实体经济活动在危机前不会表现出独特的模式，但在危机之后会急剧下降。