While according to the model the current account balance will be countercyclical, the balance can also decline due to:
A) a temporary negative shock like a harvest failure.
B) a less developed country having poor institutions for growth.
C) a permanent decrease in government purchases.
D) all of the above.
Correct Answer:
Verified
Q21: While according to the model the current
Q22: While according to the model the current
Q23: The trade balance is:
A)the balance on the
Q24: While according to the model the current
Q25: In the market clearing model with world
Q27: In the market clearing model with world
Q28: In the market clearing model with world
Q29: In UK data the real current account
Q30: In the market clearing model with world
Q31: The terms of trade are:
A)(€ per home
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