Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

Combinations of goods outside the production possibilities curve

a. are unattainable given society's technology and resources b. are combinations that have already been consumed c. go beyond basic necessities d. result from involuntary unemployment e. are the result of economic recessions

Both demand and supply curves usually have positive slopes

a. True b. False Indicate whether the statement is true or false