Question: Predict the change m aggregate demand (AD), aggregate supply (AS), price level (CPD and national output (YfRGDPY Indicate the shifts in either curves by

Predict the change m aggregate demand (AD), aggregate supply (AS), price level (CPD and national output (YfRGDPY 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 national output respectivelyn If there is no change use (O) and if the answer Is uncertain use (U) (10 Marks) AD SAS CPI B C D E EVENT Canada's largest trading partner is experiencing a recession The average price level Increases in Canada nie adoption of robotics is decreasing wage rate on a global scalf Business confidence Is very strong next year Worldwide commodity prices are Increasing
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
