1. Why is the aggregate demand curve downward sloping?

2. What factors may cause the short run and the long run aggregate supply curves to shift?

3. What is the Classical view of economic management and how is this different from Keynesian's view?

QUESTION 11 Temporary supply shocks change which of the following? O a. SRAS. O b. LRAS. O c. AD. O d. Both a. and b.\f\fQUESTION 18 Ceteris paribus , which of the following would cause the aggregate demand curve to shift to the right? O a. reduced stock market wealth O b. a reduction in transfer payments O c. a rise in consumer confidence O d. higher personal taxes