Which of the following is FALSE about the International Monetary Fund (IMF)?
A) The IMF was created after the Bretton Woods Conference to help to maintain the international fixed exchange rate system that was introduced.
B) The IMF lends to national governments, initially to maintain the fixed exchange rate system, and today to deal with debt or currency crises.
C) Multinational corporations can get IMF loans if they agree to invest in economies that are internationally perceived as risky and otherwise unlikely to receive direct foreign investment.
D) One of the criticisms of the IMF and other international governmental organizations that deal with the global economy is that their decision making may be biased toward policies that favor industrialized nations.
C
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International capital flows strengthen
a. monetary policy and have no effect on fiscal policy. b. monetary policy but weaken fiscal policy. c. monetary and fiscal policy. d. fiscal policy but weaken monetary policy.
Which statement is true?
A. There were more strikes in 1946 than in any other year. B. The Taft-Hartley Act has greatly benefited labor unions. C. Most labor leaders opposed the National Labor Relations Act. D. The Taft-Hartley Act has never been invoked by the president.