Question: A A AaBbCcDd GaE A X2 X2 A E EX... QUESTION FOUR: AD/AS AND THE BUSINESS CYCLE 5 Marks a. Explain why the AS curve

A A AaBbCcDd GaE A X2 X2 A E EX... QUESTION

A A AaBbCcDd GaE A X2 X2 A E EX... QUESTION FOUR: AD/AS AND THE BUSINESS CYCLE 5 Marks a. Explain why the AS curve becomes steeper as the level of real GDP increases.(2 marks b. How would a production technology progress affect inflation and economic growth, respectively? Explain your answer. (2 marks) + 13 51: 43 3: 2275 13

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