Answer :

Baraq

Answer:

1.  Slopes upward

2.  Slopes downward

Explanation:

Keynesian aggregate supply is an economic model that depicts a curve is upward sloping as a result of low elasticity of wages and prices in the short-run.

On the other hand, the Keynesian Phillips curve is a graphical representation of an economy, whereby there is downward sloping of the curve, which indicates the tradeoff between unemployment and inflation.

Hence, the right answer is a typical Keynesian aggregate supply (AS) curve SLOPES UPWARD and a typical Keynesian Phillips curve SLOPES DOWNWARD

Other Questions