Which is the most accurate statement?
A) We are living well beyond our means and we face an imminent financial crisis as foreigners refuse to accept U.S.dollars.
B) We cannot continue running huge current account deficits.
C) We can easily run up larger and larger current account deficits without any serious consequences.
D) Large and growing current account deficits are good for our economy.
Correct Answer:
Verified
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Q155: Statement I.Foreigners own more assets in the
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Q159: Which one of these countries has not
Q160: Statement I: China and Japan have continued
Q161: The gold standard
A)worked well until World War
Q162: Each of the following is a requirement
Q163: Statement I: If the dollar keeps falling
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