Author Question: The ________ curve has a positive slope because as prices of final goods and services rise, prices ... (Read 142 times)

fox · **on:** Jun 29, 2018

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