When the IMF provides loans to developing countries, it often requires these countries to adopt:
A. a contractionary fiscal policy and an expansionary monetary policy.
B. contractionary monetary and fiscal policies.
C. expansionary monetary and fiscal policies.
D. a contractionary monetary policy and an expansionary fiscal policy.
Answer: B
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The above table gives data for the nation of Mouseville. There are no imports into or exports from Mouseville. If real GDP is equal to $400 billion then,
A) unplanned inventory is -$300 billion. B) aggregate expenditure is equal to consumption expenditure. C) unplanned inventory is -$200 billion. D) aggregate expenditure is $450 billion. E) unplanned inventory is $200 billion.
A 2 percent rise in the price of a good leads to a 10 percent decrease in quantity demanded. The absolute price elasticity of demand is
A) 5. B) 10. C) 0.1. D) 1.0.
Researchers estimate QALYs in a number of different ways. One popular approach is called
a. the probability approach b. the QoL approach c. the standard gamble d. the standard measure of well-being e. the utility of life approach
Which of the following is true regarding labor legislation? a. The Taft-Hartley Act increased union power while the Wagner Act limited union power. b. The Wagner Act increased union power while the Taft-Hartley Act limited union power. c. Both the Wagner Act and the Taft-Hartley Act increased the power of unions
d. Both the Wagner Act and the Taft-Hartley Act limited the power of unions.