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After the 9 / 1 1 attack on the US , America experienced increasing budget deficits combined with trade deficits. Explain how these two deficits

After the

9 / 11

attack on the US

,

America experienced increasing budget deficits combined with trade deficits. Explain how these two deficits are related. In particular, explain how large budget deficits can cause large trade deficits?

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