Go to the web site of the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org) and download and graph the data series for the U.S. current account balance (BOPBCA) from the first quarter of 1960 to the most recent quarter available. Go to the web site of the National Bureau of Economic Research (nber.org) and find the dates for business cycle peaks and troughs. (The period between a business cycle peak and trough is a recession.) Describe how the current account balance moves just before, during, and just after a recession. Is the pattern the same across recessions?