The United States recently experienced a severe recession.
a.What does economic theory predict will happen to the U.S.balance of payments?
b.Suppose the balance of payments does not behave according to the theoretical predictions of the textbook.How might you explain this anomaly?

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The Answer of The United States recently experienced a severe recession.
a.What does economic theory predict will happen to the U.S.balance of payments?
b.Suppose the balance of payments does not behave according to the theoretical predictions of the textbook.How might you explain this anomaly?

The United States Recently Experienced a Severe Recession