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The Long-Run Budget Constraint Dictates That

Question 40

Multiple Choice

The long-run budget constraint dictates that:


A) the present value of trade balances is zero taken to infinity.
B) the present value of wealth is equal to zero taken to infinity.
C) the present value of wealth is exactly offset by the present value of trade balances.
D) if the present value of wealth is positive, the nation cannot afford future trade deficits on average.

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