Suppose that the us current account deficit must be reduced, Ask an Expert

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Suppose that the US current account deficit must be reduced. Explain in terms of CA ≈ (S – I) + (T – G) what must be done to reduce the current account deficit. Why will this be difficult? (Hint: It may be helpful to think about the household that has been living beyond its means, perhaps by borrowing on credit cards).

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91423741

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