Compare the current account position of the U.S. prior to the mid 1970s with what transpired after that and up to the present. Also discuss what happened to its net wealth position in these two time periods.
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Q32: Q33: What are all of the components of Q34: If the marginal propensity to import is Q35: What is the economic meaning of having Q36: All other things equal, what would happen Q38: Assume planned aggregate expenditures are $240 billion, Q39: Define a nation's balance of payments. Explain Q40: Assume planned aggregate expenditures are $400 billion, Q41: If in 2003 the MPM = .15 Q42: Define marginal propensity to import.
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