Buy custom The twin deficits in the economy of the United States
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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2704 |
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The fiscal contraction, which means to lower the fiscal budget spending, is intended to prevent from upsetting the internal balance. The way to attain fiscal contraction is by taking into action non inflationary strategies. However, in today’s US economy the government problem is that the US is lacking in private savings...
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However, in today’s US economy the government problem is that the US is lacking in private savings. The US economy “net of depreciation, private saving rate of households and businesses, combined, stood at just 4.5% of national income in 2003; that’s only a little more than half the 8.3% average recorded in the mid 1980s†(1)...
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