Assignment 3 (Chapter 5) 2. Starting from equilibrium, explain in terms of changes in either AD or in AS (not both) how each of the following results could have occurred. a. Real GDP increases, and the price level increases. This could have occurred with a(n) I (Click to select) - in (Click to select ) b. Real GDP decreases, and the price level increases. This could have occurred with a(n) | (Click to select) in (Click to select) c. Real GDP increases, and the price level decreases. This could have occurred with a(n) | (Click to select) - in (Click to select) d. Real GDP decreases, and the price level decreases. This could have occurred with a(n) | (Click to select) in (Click to select ) 3. Which of the options in the drop-down response box will occur as a result of the following changes? a. An increase in investment spending will result in (Click to select) b. A decrease in imports will result in I (Click to select) C. An increase in factor prices will result in (Click to select) d. A decrease in productivity will result in (Click to select) e. A decrease in factor prices will result in (Click to select) f. An increase in human capital will result in I (Click to select)