Q. Concerning a country’s business cycle, rapid growth of production and employment is commonly associated with: (Solved)
1. Large or growing trade deficits and current account deficits
2. Large or growing trade deficits and current account surpluses
3. Small or shrinking trade deficits and current account deficits
4. Small or shrinking trade deficits and current account surpluses
- a. Large or growing trade deficits and current account deficits