本章描述了1985年后美国是如何企图通过提高货币增长率和使美元贬值来减少其经常项目的赤字的。假设美国已达

到内部平衡但需要执行支出削减政策(减少政府预算赤字)和支出转换政策(由货币贬值引起)来达到外部平衡。你认为单独运用货币扩张政策对美国经济短期和长期的影响如何？

The chapter described how the United States tried after 1985 to reduce its current account deficit by accelerating monetary growth and depreciating the dollar．Assume that the United States was in internal balance but external balance called for an expenditure-reducing policy(a cut in the government budget deficit)as well as the expenditure switching caused by currency depreciation．How would you expect the use of monetary expansion alone to affect the U.S. economy in the short and long runs？