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The Current Account Deficits Incurred by the United States in the 1990s

Question 23

Multiple Choice

The current account deficits incurred by the United States in the 1990s and early 2000s were caused,in the opinion of many economists,by


A) federal budget deficits.
B) "flight to quality" as foreign investors favored U.S.investments.
C) a sharp decline in private saving.
D) Both B and C are correct.

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