In the mid- to late 1980s,the United States had "twin deficits" because both ________ and ________ were negative.
A)government saving; private saving
B)saving; investment
C)the current account; investment
D)government saving; the current account

Question

Quizplus · Accepted Answer

The "twin deficits" refer to the situation in the mid- to late 1980s in the United States where both the government budget (government saving) and the current account were in deficit. The government was spending more than it was earning, and the country was importing more than it was exporting.

In the Mid- to Late 1980s,the United States Had "Twin