1) Fill out the following table, telling us, for each "shock", whether it affects the supply or demand curve and whether the short-run impact on price level and/or output is positive or negative:

"Shock"	Supply or Demand	Price	Output
Sales tax holiday
Increase in Money Supply
Improved Inventory Controls
New Info Technology
Fall in Oil Prices
Consumer Confidence Grows

2) Given the following information, where is output equal to aggregate demand given that autonomous spending is $3000, the marginal propensity to consume is .9, investment is $4000, government spending is $5000, and net exports are $1000. Now, suppose that government spending increases to $6000. Where is output equal to aggregate demand? What is the multiplier in this case?

3) Suppose congress decides to cut taxes for all (lets assume that happens for the moment), what would be the impact on the market in the short and long-run? Why?