The federal budget deficit and the trade balance are often referred to as the

Question

Quizplus · Accepted Answer

The term "twin deficits" refers to the co-existence of a federal budget deficit and a trade balance deficit. This means that the government is both spending more money than it is taking in and importing more goods and services than it is exporting, leading to a negative impact on the overall economy. The term "balance of payments" refers to a broader concept that includes not only the trade balance but also capital flows and other cross-border financial transactions. "Duelling depreciators" and "dynamic duo" are not commonly used terms in economics, and "national debt" refers specifically to the total amount of money that a government owes to its creditors.

The Federal Budget Deficit and the Trade Balance Are Often