Author Question: As GDP decreases during recessions, unemployment generally increases. Unemployment is therefore said ... (Read 117 times)

WWatsford · **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.