The Current Account Deficits Incurred by the United States in the 1980s

Multiple Choice

The current account deficits incurred by the United States in the 1980s were caused, in the opinion of many economists, by

A) federal budget deficits.
B) "flight to quality" as foreign investors favoured U.S.investments.
C) a sharp decline in private saving.
D) accelerating economic growth in the US economy.
E) both B and C.