Multiple Choice
If Japan has a trade surplus and the United States has a trade deficit, the trade gap could be eliminated by:
A) contractionary monetary policy in both Japan and the United States.
B) expansionary monetary policy in both Japan and the United States.
C) expansionary monetary policy in Japan or contractionary monetary policy in the United States.
D) contractionary monetary policy in Japan or expansionary monetary policy in the United States.
Correct Answer:
Verified
Correct Answer:
Verified
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