An editorial in the Wall Street Journal in 2017 made the following observation: When the U.S. has

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An editorial in the Wall Street Journal in 2017 made the following observation: “When the U.S. has a current-account deficit it has to have a capital-account surplus of the same amount.” Briefly explain whether you agree with this observation.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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