Describe why the trade deficit rises further in economic expansions but declines in contractions.

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Economics An Introduction To Traditional And Progressive Views

ISBN: 9780765616685

7th Edition

Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers

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Question Posted: Nov 11, 2023 11:40 PM

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Describe why the trade deficit rises further in economic expansions but declines in contractions.

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The trade deficit tends to exhibit certain patterns in relation to the overall economic cycle expanding during economic expansions and contracting dur...View the full answer

Economics An Introduction To Traditional And Progressive Views

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