Answer the question on the bottom under the picture

timer Asked: Aug 4th, 2015

Question description

**The question** For each event listed 1,2,3 and 4, indicate whether aggregate demand (AD) or short-run aggregate supply (SRAS) shifted and whether the shift was to the right or to the left.  In each case, explain how the shift changed the equilibrium price level, the equilibrium level of real output, and the unemployment rate (rise or fall).

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