Author Question: During an economic expansion, real GDP and unemployment . A) increases; ... (Read 308 times)

ETearle · **on:** Jun 29, 2018

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.