1. Starting from short-run equilibrium, what happens to the average price level and RGDP if there is a decrease in consumer income taxes and a decrease in the rate of return on investment?

None of the responses are correct RGDP rises and the price level remains relatively constant Price level and the RGDP remain relatively constant Both RGDP and the price level decline

2. Starting from short-run equilibrium, what happens to the average price level and RGDP if there is an increase in consumer income and an increase in government regulation? Price level rises and the RGDP remains relatively constant

RGDP rises and the price level remains relatively constant Price level falls and the RGDP remains relatively constant RGDP rises and the price level rises None of the responses are correct

3. Starting from short-run equilibrium, what happens to the average price level and RGDP if there is an increase in productivity and a decrease in consumer debt? RGDP falls and the price level remains relatively constant Price level rises and the RGDP remains relatively constant None of the responses are correct Price level falls and the RGDP remains relatively constant RGDP rises and the price level remains relatively constant