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Author Question: As GDP decreases during recessions, unemployment generally increases. Unemployment is therefore said ... (Read 87 times)

WWatsford

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on: Jun 29, 2018
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.


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TheDev123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

A


WWatsford

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

yeungji

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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