During the 1980s, Australia ________ twin deficits and in the 1990s, Australia ________ twin deficits.

Question

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During the 1980s, Australia experienced twin deficits, which refers to the situation where a country has both a current account deficit and a fiscal deficit. In the 1990s, Australia managed to improve its economic situation and did not experience twin deficits, indicating an improvement in either or both its fiscal position and its balance of payments.

During the 1980s, Australia ________ Twin Deficits and in the 1990s