What is a trade deficit, What is a trade deficit? How can a

What is a trade deficit

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Reference no: EM133328429

Question: The US is running a large trade deficit - more than $860bn in 2021.

a. What is a trade deficit?

b. How can a flexible exchange rate automatically help a country reduce its trade deficit?

c, Explain why, even with a flexible exchange rate, the trade deficit might not be completely eliminated.

Reference no: EM133328429

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