Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 5, Problem 10RQ
To determine
To evaluate:The periods in which U.S had twin deficits and the periods when they moved in opposite direction.
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Why are budget deficits and trade deficits sometimescalled the twin deficits?
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We often hear that trade deficits are bad for a country. Should we agree or disagree with this viewpoint?
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