Question: Explain what will happen to the price level, Real GDP, and the unemployment rate in the following cases: a. AD rises and SRAS is constant.
a. AD rises and SRAS is constant.
b. AD falls and SRAS is constant.
c. AD is constant and SRAS rises.
d. AD is constant and SRAS falls.
e. AD rises by more than SRAS rises.
f. AD rises by the same amount that SRAS rises.
g. AD rises by less than SRAS rises.
h. AD rises by more than SRAS falls.
i. AD rises by the same amount that SRAS falls.
j. AD rises by less than SRAS falls.
k. AD falls by more than SRAS rises.
l. AD falls by the same amount that SRAS rises.
m. AD falls by less than SRAS rises.
n. AD falls by more than SRAS falls.
o. AD falls by the same amount that SRAS falls.
p. AD falls by less than SRAS falls.
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