Questions 1. Draw an ADAS graph at equilibrium. Suppose the stock market crashes. Which curve will shift? Draw the new equilibrium. 2. Draw an ADAS graph at equilibrium. Suppose there is an increase in government spending. Which curve will shift? Draw the new equilibrium. 3. Draw an ADAS graph at equilibrium. Suppose the income of our trading partners increase. Which curve will shift? Draw the new equilibrium. 4. Draw an ADAS graph at equilibrium. Suppose there is widespread fear of a recession. Which curve will shift? Draw the new equilibrium.

Questions 1. Draw an ADAS graph at equilibrium. Suppose the stock market crashes. Which curve will shift? Draw the new equilibrium. 2. Draw an ADAS graph at equilibrium. Suppose there is an increase in government spending. Which curve will shift? Draw the new equilibrium. 3. Draw an ADAS graph at equilibrium. Suppose the income of our trading partners increase. Which curve will shift? Draw the new equilibrium. 4. Draw an ADAS graph at equilibrium. Suppose there is widespread fear of a recession. Which curve will shift? Draw the new equilibrium.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter22: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 12P

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