The phrase "twin deficits" refers to
A) A country's trade deficit and its government budget deficit.
B) The fact that if a country has a trade deficit, its trading partners must also have trade deficits.
C) The equality of a country's saving deficit and its investment deficit.
D) A country's trade deficit and its net capital outflow deficit.
Correct Answer:
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Q19: An increase in the government's budget deficit
Q20: If the EU raises its tariff on
Q21: If the EU imposes a quota on
Q22: An increase in the UK government budget
Q23: If a country has a high savings
Q25: If the EU imposes a quota on
Q26: If a country's government wants to eliminate
Q27: Increased foreign investment in the UK causes
Q28: If a country's government increases its budget
Q29: Consider this diagram of the market for
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