What does the term Twin Deficit mean in an economy?
A. Twin Deficit refers to high fiscal deficit and high capital account deficit.
B. Twin Deficit refers to high current account deficit and high fiscal deficit.
C. Twin Deficit refers to high fiscal deficit and high budget deficit.
D. Twin Deficit refers to high capital account deficit and high current account deficit.
Answer:B
What does the term Twin Deficit mean in an economy?
A. Twin Deficit refers to high fiscal deficit and high capital account deficit. B. Twin Deficit refers to high current account deficit and high fiscal deficit. C. Twin Deficit refers to high fiscal deficit and high budget deficit. D. Twin Deficit refers to high capital account deficit and high current account deficit.