During an Economic Expansion, Real GDP__________ And__________ Unemployment

question 344

Multiple Choice

During an economic expansion, real GDP__________ and__________ unemployment .

• A) increases; increases
• B) decreases; decreases
• C) decreases; increases
• D) increases; decreases

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Definitions:

Plywood

A type of engineered wood product made by gluing together several thin layers or plies of wood veneer.

Breach Of Warranty

occurs when a promised statement of fact about a product or service is not true or is violated.

Limited Period

A specific, fixed amount of time during which something is operational, valid, or applicable.

Letter Of Credit

A written instrument, usually issued by a bank on behalf of a customer or other party, in which the issuer promises to honor drafts or other demands for payment by third parties in accordance with the terms of the instrument.