I dispute that graph conclusion. (yes i know it seems that i'm taking opposite sides of what i was saying, but that makes me a "lefty that makes everything complicated").
the conclusion you draw from that graph is that as trade imbalance increases then unemployment decreases. i propose instead-as unemployment decreases then trade imbalance increases.
Income causes a rise in imports; imports don't cause a rise in income.
the conclusion you draw from that graph is that as trade imbalance increases then unemployment decreases. i propose instead-as unemployment decreases then trade imbalance increases.
Income causes a rise in imports; imports don't cause a rise in income.