Multiple Choice
The phrase "twin deficits" refers to
A) a country's trade deficit and its government budget deficit.
B) the fact that if a country has a trade deficit, its trading partners must also have trade deficits.
C) the equality of a country's saving deficit and its investment deficit.
D) a country's trade deficit and its net capital outflow deficit.
Correct Answer:
Verified
Correct Answer:
Verified
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