Though President Clinton has called for a global summit on unemployment, neither the president nor his critics have clearly formulated the most

Though President Clinton has called for a global summit on unemployment, neither the president nor his critics have clearly formulated the most important economic question raised by his economic proposals. Should the U.S., like the European Community, accept an ever higher __________ as the cost of expanding social programs." The blank is best filled with

a) interest rate b) inflation rate c) unemployment rate d) level of inequality 13