Question: Scenario Graphical Economic Analysis Representation 1 1. Effect on the AS/AD graph The price of copper, AD or SRAS: steel, and other commodities has Increase

Scenario Graphical Economic Analysis Representation 1 1. Effect on the AS/AD

Scenario Graphical Economic Analysis Representation 1 1. Effect on the AS/AD graph The price of copper, AD or SRAS: steel, and other commodities has Increase or Decrease: risen in global Shifter: markets. 2. Result: Price Level_ rGDP 2 A weak auto 1. Effect on the AS/AD graph industry has AD or SRAS: prompted less Increase or Decrease: investment spending by many Shifter: firms that 2. Result: Price Level rGDP manufacture auto parts. 3 1. Effect on the AS/AD graph Congress lowers AD or SRAS: taxes and increases Increase or Decrease: spending Shifter: 2. Result: Price Level rGDP

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