During an economic expansion, real GDP ________ and unemployment ...

[ETearle]

During an economic expansion, real GDP ________ and unemployment ________.
 
  A) increases; increases
  B) increases; decreases
  C) decreases; increases
  D) decreases; decreases

Question 2

Potential GDP is the
 
  A) the maximum amount of production that can be produced while avoiding shortages of labor, capital, land, and entrepreneurship that would bring rising inflation.
  B) current value of production in the economy.
  C) value of production when the economy is in a recession.
  D) value of production when the economy is at a peak.

[Sierray]

Answer to Question 1

B

Answer to Question 2

A

[ETearle]

YES! Correct, THANKS for helping me on my review

[amandalm]

Thanks for the timely response, appreciate it