Indicate whether the following factor will affect aggregate demand (AD) or aggregate supply {AS} and whether the effect would be an increase or a decrease. Then indicate what will happen to the price level and the level of Real GDP and what type of equilibrium will result assuming that the economy is initially in longrun equilibrium. AD A5 P Real GDP Equilibrium a} A decrease in the nominal wage . . decrease 9 Increase 9 decrease 9 decrease 9 receSSIonary gap 9 rate. bJAdecrease in exports. increase 9 decrease 9 increase 9 decrease 9 recessionary gap 9 c} A decrease in the exchange rate. decrease 9 increase 9 increase 9 decrease 9 recessionary gap 9 d) The discovery of vast new oil eld in Increase 9 Increase 9 decrease 9 Increase 9 InflatIonary gap 9 Northern B.C. e) An increase in government . . I I I Increase 9 Increase 9 decrease 9 Increase 9 InflatIonary gap 9 spending. You have correctly selected 11. Try again