Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506756
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter 19, Problem 10CQ
To determine
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Under what conditions will a larger budget deficit cause a trade deficit?
Which policy measure is most likely to be effective in reducing a balance of trade deficit? Pick a,b,c, or d
A. A reduction in the rate of interest
B. A reduction in income tax
C. Devaluation of the currency
D. An increase in government spending on state benefits
A government decides to introduce an expenditure-switching measure to reduce a balance of trade deficit. Which of the following is an expenditure-switching measure? Pick a,b,c, or d
A. A government subsidy to domestic producers
B. An increase in income tax
C. An increase in the rate of interest
D.A decrease in state benefits
Chapter 19 Solutions
Macroeconomics: Private and Public Choice (MindTap Course List)
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- In recent decades, has the U.S. trade balance usually been in deficit, surplus, or balanced?arrow_forwardDoes a trade surplus mean an overall inflow of financial capital to an economy, or an overall outflow of financial capital? What about a trade deficit?arrow_forwardWhen is a trade deficit likely to work out well for an economy? When is it likely to work out poorly?arrow_forward
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