Problem
Before the 2008 global economic crisis, one of the most serious economic problems in the American economy was that of the twin deficits, an expression used to represent a situation in which the country simultaneously had a current-account deficit and fiscal deficit. Based on the national account identities, show and explain how these deficits are related.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.