If a persistent US current account deficit should eventually depreciate the dollar and eliminate the deficit, why

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If a persistent US current account deficit should eventually depreciate the dollar and eliminate the deficit, why has not happened thus far?

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Macroeconomics Principles Applications And Tools

ISBN: 9780134089034

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

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Question Posted: Mar 01, 2017 01:15 PM

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If a persistent US current account deficit should eventually depreciate the dollar and eliminate the deficit, why

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It is correct that current account deficit has the effect of depreciating the doll...View the full answer

Macroeconomics Principles Applications And Tools

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