Multiple Choice
Relatively rapid U.S. growth between 2002 and 2007 contributed to large U.S. trade deficits by
A) increasing U.S. national income, which decreased U.S. exports.
B) reducing real interest rates in the United States.
C) increasing U.S. tax revenues and reducing the federal budget deficit.
D) increasing U.S. national income, which increased U.S. imports.
Correct Answer:
Verified
Correct Answer:
Verified
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