1) Spending as an (aggregate supply or aggregate demand)

2) would shift the (short run aggregate supply or dynamic aggregate demand)

3) curve to the (right or left)

4) this would put (upward or downward)

5) and (downward or upward) pressure on inflation.

How could you use the dynamic aggregate demand-aggregate supply (AD/AS) framework to explain the impact of lower government spending on inflation and output in the economy? You can think of the impact of lower government spending as an aggregate demand v shock. Such a shock would shift the short-run aggregate supply curve to the right v. In the absence of other changes, this would put (Click to select) v pressure on output and (Click to select) v pressure on inflation