During the mid- to late 1990s, the United States experienced an increase in investment, and the U.S.

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During the mid- to late 1990s, the United States experienced an increase in investment, and the U.S. government budget went from a deficit to a budget surplus. All else being equal, how would this change affect the U.S. current account? Explain why, citing how this budget surplus affects domestic savings relative to domestic investment.

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International Economics

ISBN: 9781319218508

5th Edition

Authors: Robert C. Feenstra, Alan M. Taylor

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