The IMF has been criticized because of all of the following reasons except:
A) it has a "one-size-fits-all" approach to macroeconomic policy is inappropriate for many countries.
B) its rescue efforts are exacerbating a problem known to economists as moral hazard.
C) it has become too powerful for an institution that lacks any real mechanism for accountability.
D) its lax macroeconomic policies in the Asian crisis were not well suited to countries suffering from a private sector debt crisis with deflationary undertones.
Correct Answer:
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