Describe whether each of the following would cause

Reference no: EM1337977

Shifts in the Aggregate Demand and Supply Curves

Determine whether each of the following would cause a shift of the aggregate demand curve, the aggregate supply curve, neither, or both. What happens to aggregate output and the price level in each case?

a The price level change
b Consumer confidence declines
c The supply of resources increases
d The wage rate increase

Reference no: EM1337977

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