Author Question: The concept of twin deficits refers to ________. A) the phenomenon of simultaneous trade and ... (Read 20 times)

TVarnum · **on:** Jun 30, 2018

The concept of twin deficits refers to ________.

A) the phenomenon of simultaneous trade and government budget deficits
B) the phenomenon of simultaneous government and private budget deficits
C) the phenomenon of simultaneous state and federal budget deficits
D) all of the above
E) none of the above

Question 2

Economic growth in China ________.

A) would have been impossible in the absence of its impressive record of financial development
B) occurred despite limited domestic financial development
C) can continue indefinitely without additional financial development
D) has occurred despite a relatively low domestic saving rate