An article in the Wall Street Journal noted that the U.S. trade gap widened sharply in May

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An article in the Wall Street Journal noted that the “U.S. trade gap widened sharply in May [2019]” and stated that one factor was “a cooling global economy.”

a. What did the article mean by the “U.S. trade gap”? Which measure of trade was the article likely referring to?

b. Why would a cooling global economy contribute to a U.S. trade gap?

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Oct 17, 2023 09:36 AM

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An article in the Wall Street Journal noted that the U.S. trade gap widened sharply in May

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a The US trade gap refers to the US trade deficit which is a measure of the imbalance between the va...View the full answer

Economics

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