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 data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The cost of the CPI market basket in 2010 is
A) $52.00. B) $5.00. C) $64.00. D) $8.50. E) unable to be calculated because information is needed about the quantities purchased in 2010.
Compared to a single-price monopoly, the price charged by a perfectly competitive market with the same costs
A) is higher than the monopoly's price. B) is the same as the monopoly's price. C) is lower than the monopoly's price. D) could be higher than, lower than, or the same as the monopoly's price.
In the 1990s, Japan tried to fight a recession by increasing ______.
a. government spending b. subsidies c. taxes d. interest rates
Suppose that the income elasticity of demand for new clothes is positive. Other things being equal, which of the following statements is correct?
A. New clothes are a normal good. B. The quantity demanded of new clothes decreases as a consumer's income declines. C. There exists a positive relationship between income and the demand for new clothes. D. All of these