Question
A two-period economy runs trade surpluses in both periods. It follows that the current account in period 1 can have either sign (depending on the
A two-period economy runs trade surpluses in both periods. It follows that the current account in period 1 can have either sign (depending on the magnitude of T B1), but the current account in period 2 must be positive.
I think this is False but not sure. Can you please help?
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The End Of Poverty Economic Possibilities For Our Time
Authors: Jeffrey D Sachs, Bono
1st Edition
0143036580, 9780143036586
