Budget deficitsgreenspun.com : LUSENET : Economic History (and Related Observations) : One Thread |
If a country has a balanced government budget but a large growing account deficit and a very low level of savings what must they do to expand their level of investment and import more than it exports.Now if this country runs into a recession what will happen in the short run to the level of national income, net exports, international borrowing, and unemployment.
-- Abena Charles (abenahasina@hotmail.com), December 10, 2004