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1)Graphically demonstrate the effect of eacd of the following on either the short-run aggregate supply (SAS) curve or the aggregate demand (AD) curve. Be sure
1)Graphically demonstrate the effect of eacd of the following on either the short-run aggregate supply (SAS) curve or the aggregate demand (AD) curve. Be sure to label all axes.
A) business expectations improvement
B) the Feburary 2007 stock market decline in China leads to decrease in wealth
C) There is an increase in nominal wage rate.
d) oil prices decrease dramatically
E) consumer confidence is falling
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