Question: Give a written example of a factor from the AD and AS working together working together changing in a certain direction and describe the resulting

Give a written example of a factor from the "AD and AS working together" working together changing in a certain direction and describe the resulting change in equilibrium. AD= aggregate demand AS = aggregate supply

Aggregate Demand:

  1. wealth
  2. interest rates
  3. income taxes

Aggregate Supply:

  1. wage rates
  2. productivity
  3. supply shocks

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