The Organization for Economic Cooperation and Development (OECD)has Developed

question 17

Multiple Choice

The Organization for Economic Cooperation and Development (OECD) has developed:

• A) Codes of conduct for companies and host countries in an attempt to set ethical standards for both.
• B) Guidelines for interest rates to be charged multinational enterprises.
• C) Codes of conduct for employee practices for multinational corporations.
• D) None of the above.

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Definitions:

Money Neutral

The principle that changes in the money supply only affect nominal variables and not real variables like output in the long run.

Favorable Supply Shock

An unexpected event that increases the supply of a product or service, leading to lower prices and benefiting consumers.

Price Level

A measure of the average prices of goods and services in an economy.

Central Bank

A national bank that provides financial and banking services for its country's government and commercial banking system and implements monetary policy.