External balance refers to the government achieving levels of unemployment and inflation that fit the preferences of the citizens of the country.

Name: External balance refers to the government achieving levels of unemployment and inflation that fit the preferences of the citizens of the country.
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External balance refers to a situation where a country's current account (exports minus imports) is in equilibrium, not to government policies on unemployment and inflation, which relate to internal balance.

External Balance Refers to the Government Achieving Levels of Unemployment