1) Predict the change in aggregate demand (AD), aggregate supply (AS), price level (CPI) and national output (Y/RGDP). Indicate the shifts in either curves by using (R) for rightward and (L) for leftward, and (+) and (-) to indicate an increase or decrease in price level and national output respectively. If there is no change use (O) and if the answer is uncertain use (U). (10 Marks) EVENT AD AS CPI Y/RGDP A. Business owners believe that the economy next year is looking better B. The average price level increases in Canada C. Wages are increasing on a global scale D. Canada decreases her import I tariff by 30% E. OPEC decreases the price of crude oil