Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

In 2008-9, households in America cut back on their consumption of goods produced at home and abroad and used some of the money to repay part of their debts. Which outcome might be consistent with this change?

  • Aa decline in the US trade deficit
  • Ba decrease in savings
  • Ca decrease in the US terms of trade
  • Da decrease in unemployment

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