Which statement is TRUE,according to economist Joseph Stiglitz?
A)IMF policies are sensitive to the human suffering its policies could create.
B)The IMF takes a "hands off" approach as to how a country uses the money it is lent.
C)The IMF was founded on the belief that there was a need for international pressure for countries to have expansionary economic policies.
D)The IMF was founded on the belief that there was a need for international pressure for countries to cut deficits,raise taxes and interest rates.

Question

Quizplus · Accepted Answer

Economist Joseph Stiglitz argues that the IMF was founded upon the belief that there was a need for international pressure for countries to have expansionary economic policies, not to cut deficits, raise taxes and interest rates. Therefore, statement C is true. Statements A and B are false, as Stiglitz believes that IMF policies can create human suffering and that the IMF should have a more active role in directing how countries use its loans. Statement D is also false, as it contradicts Stiglitz's view of the IMF's founding principles.

Which Statement Is TRUE,according to Economist Joseph Stiglitz