When the United States ran large budget deficits during 2001-2011,
A) private investment was strong and consumer expenditures declined as a percentage of GDP.
B) private investment was weak and consumption increased as a share of GDP.
C) the trade deficit of the United States shrank,indicating that borrowing from foreigners was declining.
D) the deficits were financed exclusively through borrowing from domestic sources.
Correct Answer:
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