Question: Using aggregate supply and demand analysis, discuss how the following will affect the aggregate level of output and the price level in the economy.Use a

Using aggregate supply and demand analysis, discuss how the following will affect the aggregate level of output and the price level in the economy.Use a SRAS curve.You need to determine whether the AD or SRAS curve will shift, in which direction it will shift, and how this will affect aggregate output and the price level.

a. Price of standardized inputs such as oil decrease.

b.A fall in the stock market.

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