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1. What are some implications of running a current account deficit? Identify one country that is running a deficit and see if in fact the

1. What are some implications of running a current account deficit? Identify one country that is running a deficit and see if in fact the country has suffered any of the implications in the first question. 2. Since government purchases are one aspect of GNP, why is it that governments can't control GNP by issuing currency in order to fund increase government spending? What are some of the practical limitations

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