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Biographies
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Number of pages / Number of words: |
3 / 803 |
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They have also contributed to lower domestic prices and wider choice for the U.S. consumers. The U.S. producers have benefited from lower costs and wider choice of input, too. It increased their competitiveness, resulting in more jobs and higher wages. Imports have helped with inflation pressure that might otherwise have emerged as a result of the very strong growth of domestic demand and low unemployment rate, thereby supporting low market interest rates...
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An additional source of funds for domestic investment flow from abroad. Foreign investors made up the shortfall of national savings relative to domestic investment. Foreign investment has enabled the U.S. economy to grow faster then would have been the case if it were relied solely on domestic saving...
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