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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 28
Circle the letter that corresponds to the best answer. Which statement is the most accurate?
A) Since our current account deficit is matched by our capital account surplus, we have no problem with respect to our international transactions.
B) Foreigners invest all the dollars they receive from our capital account deficit to buy American assets.
C) Our current account deficits are declining and should disappear before the year 2020.
D) A declining dollar makes foreign investment in dollar-denominated assets much less attractive to foreigners.
A) Since our current account deficit is matched by our capital account surplus, we have no problem with respect to our international transactions.
B) Foreigners invest all the dollars they receive from our capital account deficit to buy American assets.
C) Our current account deficits are declining and should disappear before the year 2020.
D) A declining dollar makes foreign investment in dollar-denominated assets much less attractive to foreigners.
Explanation
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US runs a current account deficit not a ...
Macroeconomics 11th Edition by Stephen Slavin
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