Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

Exercise 15

Suppose that the United States were running a current- account deficit. How would each of the following changes influence the size of the current-account deficit
a. a recession in the United States
b. a decline in the attractiveness of investment opportunities in the United States
c. an improvement in investment opportunities abroad