As GDP decreases during recessions, unemployment generally ...

[WWatsford]

As GDP decreases during recessions, unemployment generally increases. Unemployment is therefore said to be procyclical.
 
  Indicate whether the statement is true or false

Question 2

Economists refer to the ideal combination of the price a firm should charge and the quantity a firm should produce as
 
  A) profit maximization.
  B) maximized production.
  C) perfect competition.
  D) optimus prime.

[TheDev123]

Answer to Question 1

FALSE

Answer to Question 2

A

[WWatsford]

Thanks for the timely response, appreciate it

[emsimon14]

TYSM