Examlex
Which of the following is a characteristic of the resistance phase of the GAS?
Net Exports
The value of a country's total exports minus its total imports, representing the net trade balance of goods and services.
Interest Rates
The share of a loan levied as interest on the borrower, typically indicated as an annual percentage of the unpaid loan amount.
Twin Deficits
Refers to the situation where a country is running both a fiscal deficit (government spending exceeds revenue) and a current account deficit (imports exceed exports).
Budget Deficit
The condition when a government spends more than its income, requiring it to borrow money or accumulate debt to cover the gap.
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