Concerning a country's business cycle,rapid growth of production and employment is commonly associated with:
A) Large or growing trade deficits and current account deficits
B) Large or growing trade deficits and current account surpluses
C) Small or shrinking trade deficits and current account deficits
D) Small or shrinking trade deficits and current account surpluses

Question

Quizplus · Accepted Answer

Rapid growth in production and employment often leads to increased imports, which can result in larger trade and current account deficits.

Concerning a Country's Business Cycle,rapid Growth of Production and Employment