Critics of IMF argue that the tight macroeconomic policies imposed by the IMF on the Asian nations are suited to countries that are suffering from:
A)excessive government spending.
B)high levels of inflation.
C)declining domestic demand and excessive export growth.
D)a private-sector debt crisis with deflationary undertones.

Question

Quizplus · Accepted Answer

In the case of the Asian crisis,critics argue that the tight macroeconomic policies imposed by the IMF are not well suited to countries that are suffering not from excessive government spending and inflation,but from a private-sector debt crisis with deflationary undertones.

Critics of IMF Argue That the Tight Macroeconomic Policies Imposed