Recall Application 2, "World Savings and the U.S. Current Account Deficits," to answer the following questions:
-According to the application, the U.S. can continue having current account deficits only because:
A) the rest of the world continues to sells U.S. assets.
B) Americans continue to buy U.S. assets.
C) Americans continue to buy foreign assets.
D) the rest of the world continues to buy U.S. assets.
Correct Answer:
Verified
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