Internal balance describes
A) equilibrium in the goods market.
B) a desired level of trade or capital flows.
C) where the IS and BP curve intersect.
D) a domestic rate of growth consistent with a low unemployment rate.
D
You might also like to view...
Dominant price leadership exists when
A) one firm drives the others out of the market. B) the dominant firm decides how much each of its competitors can sell. C) the dominant firm establishes the price at the quantity where its MR = MC, and permits all other firms to sell all they want to sell at that price. D) the dominant firm charges the lowest price in the industry.
In response to an increase in the wage rate, the substitution effect will cause a person to
A) supply fewer hours of labor. B) supply more hours of labor. C) supply the same hours of labor. D) have a backward bend in her labor supply curve.