The goal of internal balance includes

A. a reasonable and sustainable balance of payments with the rest of the world.
B. low interest rates.
C. full employment of resources.
D. exchange rate stability.

Answer: C

Economics

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If firms are producing an output greater than planned expenditures, these firms will cut back on production, which decreases GDP

Indicate whether the statement is true or false

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In the 1980s and 1990s, American families moved from below to above the poverty line at

a. approximately the same rate as European families b. a higher rate than families in Europe c. a lower rate than families in Europe d. approximately the same rate as Canadian families e. approximately the same rate as Japanese families

Economics