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Business, 24.11.2021 18:50 gigi8879

Equation (13-2) tells us that to reduce a current account deficit, a country must increase its private saving, reduce domestic investment, or cut its government budget deficit. Nowadays, some people recommend restrictions on imports from China (and other countries) to reduce the American current account deficit. How would higher U. S. barriers to imports affect its private saving, domestic investment, and government deficit

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