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All of the following statements are true, except:
a. A trade deficit often accompanies a rapidly growing domestic economy.
b. A trade surplus accompanies a slowing domestic economy.
c. Whether an economy is in a recession or on the upswing can affect trade imbalances.
d. Recessions and economic booms often have little impact on trade surpluses or trade deficits.
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All of the following statements are true, except:
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