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    Macroeconomics Study Set 17
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    Exam 18: Macroeconomics in an Open Economy
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    Explain Why the Budget Deficit and the Trade Deficit Are
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Explain Why the Budget Deficit and the Trade Deficit Are

Question 103

Question 103

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Explain why the budget deficit and the trade deficit are sometimes referred to as the "twin deficits."

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When the government runs a budget defici...

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