Multiple Choice
The United States became a net debtor because
A) it ran consistently large current account deficits.
B) it ran consistently large current account surpluses.
C) it lent a lot to people in foreign countries.
D) it provided much foreign aid to other countries.
Correct Answer:
Verified
Correct Answer:
Verified
Q28: Suppose output is $35 billion,government purchases are
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Q32: If the Federal Reserve buys $3 billion
Q34: Suppose output is $440 billion,government purchases are
Q35: For each of the following transactions,explain what
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