Question
Suppose a country has I = 800, S = 500, and (M - X) = 200 Is the country running a trade deficit or trade
Suppose a country has I = 800, S = 500, and (M - X) = 200
Is the country running a trade deficit or trade surplus? What must be (T - G) for the identity to hold? Is the country running a budget deficit or budget surplus?
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
