In Response to the Global Financial Crisis of 2008-2009,the International

question 131

Multiple Choice

In response to the global financial crisis of 2008-2009,the International Monetary Fund began to:

• A) exercise tight controls on fiscal policy of the borrowing countries.
• B) encourage activities that resulted in high inflation rates.
• C) display inflexibility in policy responses.
• D) urge countries to adopt policies that included fiscal stimulus and monetary easing.
• E) adopt a "one-size-fits-all" approach to macroeconomic policy.

---

Definitions:

Government Interference

Actions taken by a government to regulate, control, or participate in economic activities, often affecting market operations.

Natural Resources

Natural resources are materials or substances that occur in nature and can be used for economic gain, such as forests, minerals, and water.

Customer Tastes

Refers to the preferences, attitudes, and beliefs of consumers that influence their buying behavior for certain products and services.

Technology-Related

Pertaining to or involving technology, especially relating to advancements or applications in the field.