The relatively high interest rates in the United States in 1982-85 were associated with
A) a capital outflow from the United States and an appreciation of foreign currencies.
B) a surplus in the U.S.current account and a deficit in the capital account.
C) a deficit in the U.S.current account and an appreciation of the dollar.
D) a capital inflow and an appreciation of the dollar.
Correct Answer:
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