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Author Question: During an economic expansion, real GDP ________ and unemployment ________. A) increases; ... (Read 309 times)

ETearle

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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.



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Sierray

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Answer to Question 1

B

Answer to Question 2

A




ETearle

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


kalskdjl1212

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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