If events in a single country cause its economic activity to move up or down through a business cycle,what difference(s)might it make that the economy is closely integrated with other economies in the world?
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Q16: Q17: Economic activity that is above potential output Q18: A procyclical variable _. Q19: Examining U.S.business cycles over time reveals that Q20: The difference between aggregate economic activity and Q22: Many economic variables are classified according to Q23: To understand what causes the business cycle,leading Q24: Interest rates spreads between long-term and short-term Q25: The interest rates paid on Treasury bills Q26: Interest rates spreads between corporate and government
A)moves up during expansions
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