What does the term "conditionality" mean in respect to the policies of the International Monetary Fund (IMF)?
A) The IMF will grant loans to any country that seeks them.
B) The IMF will cut off loans to a country unless it meets certain specified policy goals regarding budget deficits, inflation, and other macroeconomic concerns.
C) The IMF will work with a country only if country destroys its own fiat money and instead adopts the euro.
D) The IMF will assist any foreign country that supports the military policies of the U.S. and Great Britain.
B
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Refer to Figure 21.1. If Area I = 1,700 and Area J = 3,300, what is the Gini coefficient?
A) 0.17 B) 0.34 C) 0.52 D) 2.94
A technological advance that increases labor productivity will:
a. lower wages. b. decrease the demand for labor as fewer workers are needed. c. decrease the supply of labor as fewer workers are needed. d. increase the demand for labor as MP rises. e. decrease the demand for labor as MP falls.