Assume That Aggregate Supply Meets Aggregate Demand in the Upward

question 66

Essay

Assume that aggregate supply meets aggregate demand in the upward sloping portion of the AS curve.For each of the following,graph the change in aggregate supply and/or aggregate demand,and state the effect on prices and output.
1. The demand for U.S.exports increases.
2. Taxes increase.
3. Businesses become less optimistic about the future.
4. The labor force increases.
5. Costs of production increase.

---

Definitions:

Instrument

A formal document, especially one used in legal or financial contexts, that records a contractual agreement, obligation, or right.

Enforce

To compel obedience or compliance, often through legal or authoritative action.

Restrictive Indorsement

A limitation specified on the face of a check or document that restricts the further transfer of its title or requires certain conditions to be met.

Trust

A fiduciary relationship in which one party, known as a trustee, holds title to property for the benefit of another party, known as a beneficiary.