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Which of the Following Is the True Description of the Impacts

Question 9

Multiple Choice

Which of the following is the true description of the impacts of a temporary positive oil price shock on an oil-importing country like the U.S.?


A) National saving and current account surplus increase.
B) National saving decreases but current account surplus increases.
C) National saving increases but current account surplus decreases.
D) National saving and current account surplus decrease.

Correct Answer:

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