Final answer:
The business cycle moves up at an angle over time due to economic growth. This is reflected in long-term trends of increasing output, employment, and spending along with rightward shifts in the AD/AS model. The statement is true.
Step-by-step explanation:
The business cycle refers to the fluctuations in economic activity over time. As the economy grows, it moves up at an angle on the business cycle diagram.
These fluctuations include periods of economic growth, where the economy expands and output, employment, and spending increase.