Word: adjusted
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Under the system, if any member country's currency rises or falls out of this narrow band, its government will be obliged to adjust the price and pull it back in. A country can do this by buying or selling its own currency on international markets. If it needs money to do this kind of buying, it can borrow from a new fund. To set up the fund, each member country will contribute about 20% of its gold and dollar reserves, or a total of up to $32 billion. The fund will be denominated not in marks, francs...
Rosovsky asks the Faculty to re-examine the goals and content of graduate programs, financial aid policy, and the size of the Graduate School of Arts and Sciences (GSAS) to adjust the University's graduate education to a reduced demand...
...full-length portraits in this collection of 13 pieces that originally appeared in The New Yorker move with a similar ease through the routines of their lives. A Congregational minister visits the aged and tries, without notable success, to counsel the young. Residents of a West Virginia hill town adjust to living in an environment better suited to mountain goats. "How many places do you know," one of the townspeople asks Roueché, "where you can stand at the basement door and spit on the roof of a three-story house?" Visiting a small German-colonized town in Missouri, Rouech...
Simon's ideas punch holes in the traditional theory that corporations seek to achieve the very maximum profits and, in striving toward this goal, automatically adjust to changing circumstances. In the modern corporation, he contends, decision making is diffuse, spreading through many departments and individuals, not always harmoniously...
Hailing Simon as "one of the greatest of inter-disciplinary researchers," the Academy specifically cited his pioneering research into the way complex organizations decide to adjust their markets in response to competition, choose investment portfolios and select a country for foreign investment...