Name the two international institutions that have been formed to attain higher rates of global economic growth and briefly discuss what each of the agencies does
What will be an ideal response?
There are two agencies, the World Bank and the International Monetary Fund. The World Bank specializes in making long-term loans for capital investment projects in developing countries that otherwise might not receive private financial support. The International Monetary Fund promotes global economic growth by fostering financial stability in developing countries.
You might also like to view...
Refer to Figure 11-6. In the figure above which letter represents the average fixed cost curve?
A) A B) B C) C D) D
Suppose nominal GDP increased in a given year. Based on this information, we know with certainty that
A) real output has increased. B) the price level (GDP deflator) has increased. C) real output and the price level (GDP deflator) have both increased. D) either real output or the price level (GDP deflator) have increased. E) real output has increased and the price level has decreased.