The ________ curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly.
A) short-run aggregate demand B) short-run aggregate supply
C) long-run aggregate supply D) long-run aggregate demand
Question 2
During a business cycle expansion, total production ________ and total employment ________.
A) decreases; increases B) increases; increases
C) increases; decreases D) decreases; decreases