Question: Predict the change in aggregate demand (AD), aggregate supply (AS), price level (CPI) and national output (Y/RGDP). Indicate the shifts in either curves by using

 Predict the change in aggregate demand (AD), aggregate supply (AS), price

Predict the change in aggregate demand (AD), aggregate supply (AS), price level (CPI) and national output (Y/RGDP). Indicate the shifts in either curves by using (R) for rightward and (L) for leftward, and (+) and (-) to indicate an increase or decrease in price level and national output respectively. If there is no change use (O) and if the answer is uncertain use (U). (10 Marks) EVENT- CPIG Y/RGDP A. an increase in the bank rate L B. the average price level declines in Canada C. an decrease in labour productivity D. an export tariff decreases by 30% E. the OPEC increases the price of crude oil

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