Question: Please answer 14-19Thanks Question 14 What effect does the shock described below have in the Aggregate Demand-Aggregate Supply model? US imports from Canada fall under

 Please answer 14-19Thanks Question 14 What effect does the shock described

Please answer 14-19Thanks

below have in the Aggregate Demand-Aggregate Supply model? US imports from Canada

Question 14 What effect does the shock described below have in the Aggregate Demand-Aggregate Supply model? US imports from Canada fall under a growing "Buy American" sentiment. Effect on Canada: Shock causes a movement along both AD and AS curves b) Shock causes an upward movement along AD curve c) Shock shifts both AD and AS curves d) Shock causes an upward movement along SRAS curve e) Shock causes a downward movement along AD curve f) Shock causes a downward movement along SRAS curve Question 15 What effect does the shock described below have in the Aggregate Demand-Aggregate Supply model? Government of Alberta cuts post-Secondary grants: a) Shock causes a downward movement along AD curve Shock causes an upward movement along AD curve C) Shock causes an upward movement along SRAS curve d) Shock causes a downward movement along SRAS curve e) Shock shifts both AD and AS curves () Shock causes a movement along both AD and AS curve Question 16 What effect does the shock described below have in the Aggregate Demand-Aggregate Supply model? Businesses are hit with high commodity (input) prices: a) Shock causes a downward movement along SRAS curve Shock causes a movement along both AD and AS curves c) Shock causes an upward movement along AD curve d) Shock causes a downward movement along AD curve e) Shock shifts both AD and AS curves f) Shock causes an upward movement along SRAS curve Question 17 How does the economic shock described below affect equilibrium output and product prices in the Aggregate Demand-Aggregate Supply model? Short-run effect of sharp increases in household savings in response to RRSP and RRIFs tax-saving incentives: a) Product prices rise and output remains unchanged b) Product prices rise and output falls c) Product prices fall and output falls d) Product prices rise and output rises e) Product prices fall and output rises f) Product prices remain unchanged and output rise Question 18 How does the economic shock described below affect equilibrium output and product prices in the Aggregate Demand-Aggregate Supply model? Short-run effect of a government cut to post-Secondary grants: a) Product prices fall and output rises b) Product prices remain unchanged and output rises c) Product prices rise and output falls d) Product prices fall and output falls ") Product prices rise and output remains unchanged f) Product prices rise and output rises Question 19 How does the economic shock described below affect equilibrium output and product prices in the Aggregate Demand-Aggregate Supply model? Long-run effect of sharp increases in household savings in response to RRSP and RRIFs tax-saving incentives: a) Product prices remain unchanged and output rises b) Product prices rise and output rises Product prices fall and output rises d) Product prices rise and output falls Product prices fall and output falls f) Product prices rise and output remains unchanged

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