Shift of the aggregate demand and supply curve

Reference no: EM1374467

Estimate 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?

[1] The price level change
[2] Customer confidence declines
[3] The supply of resources increases
[4] The wage rate increase

Reference no: EM1374467

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