Multiple Choice
If expansionary aggregate demand-oriented macroeconomic policy is to be used to move The economy towards simultaneous external and internal balance, in which one of the Following situations would the policy indeed move the economy towards the attainment Of both goals?
A) deficit in the current account; unacceptably high unemployment
B) deficit in the current account; unacceptably rapid inflation
C) surplus in the current account; unacceptably high unemployment
D) surplus in the current account; unacceptably high inflation
Correct Answer:
Verified
Correct Answer:
Verified
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