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Theory Predicts That Current Account Surpluses Should Be ________; the Canadian

Question 16

Multiple Choice

Theory predicts that current account surpluses should be ________; the Canadian experience since 1961 suggests that current account surpluses have been ________.


A) procyclical; procyclical
B) procyclical; countercyclical
C) countercyclical; procyclical
D) countercyclical; countercyclical
E) countercyclical; acyclical

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