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Question
In response to the global financial crisis of 20082009, 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.
Answer
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