1. For each of the following scenarios, identify which component of Aggregate Demand is affected and explain which way the Aggregate Demand curve shifts (if at all). a. The government decreases welfare and veteran's benefits. b. The Federal Reserve increases interest rates. c. A new world trade agreement is reached by the G20 which reduces tariffs among all the nations. d. A new survey conducted by the Bureau of Economic Analysis indicates that households are feeling more optimistic/confident about the future. e. The price of steel increases.