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You expect cyclical industries and defensive industries to have and sensitivities to the state of economy, respectively. above-average; above-average below-average; above-average above-average; below-average

You expect cyclical industries and defensive industries to have ______ and ______ sensitivities to the state of economy, respectively. above-average; above-average below-average; above-average above-average; below-average below-average; below-average

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