Explain fully the concept of twin deficits
Problem
Explain fully the concept of "Twin Deficits" and use this concept to explain why the cause of the US trade deficit with China is largely due to American wars across the globe.
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Explain fully the concept of Twin Deficits and use this concept to explain why the cause of the US trade deficit with China is largely due to American wars.
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How does the increase in the tax rate affect the optimal choice of consumption [in the current and future periods) and saving for the consumer?
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