A nation can determine how close it is to the Classical range by considering its:

A. Unemployment rate.

B. Exchange rate.

C. Balance of payments position.

D. M1 and M2 money supply levels and rates of change

E. None of the above

The automatic stabilizers are

A. powerful engines that can move nations closer to full employment and price stability.

B. most beneficial to nations that are far away from their ideal economic position.

C. most beneficial to nations that are close to their ideal economic positions.

D. very beneficial to nations regardless of whether they are far above or far below full employment.