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International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
Edition 10ISBN: 978-0133423648International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
Edition 10ISBN: 978-0133423648 Exercise 8
Given output, a country can improve its current account by cutting either investment or consumption (private or government). After the debt crisis of the 1980s began, many developing countries achieved improvements in their current accounts by cutting investment. Was this a sensible strategy?
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International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
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