The World Bank's main concern about the East Asian development model is that
a. it hasn't really worked
b. it has relied too much on exports
c. it hasn't had the support of labor unions
d. it isn't easily replicated where government institutions are weak
e. all of the above
Question 2
When the central bank is focusing on internal balance, their main target in the economy is
A) a desired level of real GDP.
B) a balance of payments equilibrium.
C) a certain level of real money balances.
D) reducing government debt.