Which of the following is an argument made to explain the large U.S.trade deficit in the 1980's?
A) Deflation in the U.S. dollar
B) Inflation in the U.S.
C) Government budget deficit
D) Government budget surplus

Question

Quizplus · Accepted Answer

The argument made to explain the large U.S. trade deficit in the 1980's is the government budget deficit. The government was spending more money than it was collecting in revenue, which led to an increase in borrowing from other countries, resulting in a trade deficit.

Which of the Following Is an Argument Made to Explain