Aggregate Demand (AD) and Aggregate Supply (AS)1.Describe a.
Aggregate Demand (AD) and Aggregate Supply (AS)1.Describe a specific event that could have caused the shift shown in the graph above.2.When aggregate demand (AD) increases or shifts to the right, the equilibrium pricelevel ____________________, equilibrium output ____________________, andincreases/decreasesincreases/decreasesthe rate of unemployment ____________________, assuming aggregate supply increases/decreasesis upward sloping, as shown in the graph for question 1.
Aggregate Demand (AD) and Aggregate Supply (AS)1.Describe a
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