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2. Discuss the possible effects of each of following events on the global imbalance. 1. U.S. government deficit increases due to COVID-19. 2. U.S. consumption

2. Discuss the possible effects of each of following events on the global imbalance. 1. U.S. government deficit increases due to COVID-19. 2. U.S. consumption boom 3. Chinese population aging 4. Yuan appreciation 5. Increase in investment in China

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