2)For each of the below, determine whether the Aggregate Demand or Aggregate Supply curve is being affected and in what direction. Also, if all else remains equal, what will be the impact on GDP and the Price Level?

• Poor numbers from several leading economic indicators cause businesses to become pessimistic about the future profits.
• The widespread successful adoption of artificial intelligence in manufacturing sector that has led to faster than expected productivity growth.
• Congress passes a new budget that increases government purchases by 3%.
• After learning that fracking is adversely impacting the local water supply, 15% of all fracking operations in the US are cancelled.
• Housing prices have been declining in recent years, leading homeowners to feel less prosperous.
• A bill is passed in Congress that increases the federal minimum wage from $7.25 an hour to $12.50 an hour.
• The Chinese government eliminates the tariffs it charges on goods exported from the United States.
• After extensive damage caused by last year's hurricane's, oil processing facilities have been fully repaired and output capabilities restored to previous levels.
• Banks decide to lower their threshold for what constitutes sufficient collateral for small business and begin expanding their lending to them.
• Last week, six Swedish kronor could purchase one U.S. dollar. This week, it takes eight Swedish kronor to purchase one U.S. dollar.
• After liberalizing its government in 2015, Myanmar experienced an influx of capital and equipment from foreign entrepreneurs.
• The increased presence of Russian troops on their border makes Ukrainian households pessimistic about their future wealth and income.
• The Saudi Arabian government implemented a large-scale deportation of foreign workers.