if american consumers decrease their spending on
If American consumers decrease their spending on imports but leave their overall consumption spending constant, "hence buying more locally made goods", with all other factors constant what would happen to America's current Account and why ?
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germany consumers have 50 in income their gross domestice product they spend 35 on consumer goods 25 on germany goods and 10 on imports they save 8
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if american consumers decrease their spending on imports but leave their overall consumption spending constant hence buying more locally made goods
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