In the late 1990s, the U.S. government moved from a budget deficit to a budget surplus and
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In the late 1990s, the U.S. government moved from a budget deficit to a budget surplus and the trade deficit in the U.S. economy grew substantially. Using the national saving and investment identity, what can you say about the direction in which saving and/or investment must have changed in this economy?
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In this case the national saving a...View the full answer
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