Question: Please use classical model AD-AS analysis (i.e. state AD, SRAS or LRAS shift rightward or leftward) to predict the impacts on price level and real

Please use classical model AD-AS analysis (i.e. state AD, SRAS or LRAS shift rightward or leftward) to predict the impacts on price level and real GDP in the U.S. for each the following event:

(a)Government increases defense spending

(b) Hurricane damages all Gulf Coast states

(c)Imported oil gets cheaper.

(d) Congress approves a one-time tax rebate.

(e)Technology improvement occurs in crude oil extraction.

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