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D Question 32 1.5 pts In short run after the event, which curve in the AD-AS model shifts to which direction? [ Select ] [ Select ] Aggregate demand shifts to the right Aggregate demand shifts to the left Long run aggregate supply shifts to the left Short run aggregate supply shifts to the right D Question 33 0 pts (This is a bonus question. This question is worth 2 points.) Give an example of the event which causes the above changes. Edit View Insert Format Tools Table 12pt w Paragraph * B J U A QV Ty : p 0 words > KD Question 34 4.5 pts Suppose that in short run after the event occurred, the government wants to implement a fiscal policy to revive the economy. (i) Should the government increase or decrease spending? [ Select ] (ii) Should the government increase or decrease taxes? [ Select ] (iii) After implementing the fiscal policy, will budget deficits increase or decrease? [ Select ]Consider the data of countryA. Suppose an event occurred and the price level and real GDP changed as shown in the following table. Assume the country is in long run equilibrium before the event. Use the given information to answer questions 30 - 34. Before the event Short run after the Long run after the event occurred event occurred Real GDP (USD) 3.0 trillion 2.8 trillion 3.0 trillion Price level Unemployment rate Question 30 1.5 pts Find the full-employment output. Answer: The full-employment output = __ __ trillion USD Question 31 1 pts Find the natural rate of unemployment. Answer: The natural rate of unemployment = ________ 96