27 Which of the following events could cause aggregate supply curve ASO to Based on the graph, after 1997, the shift to AS17 government was (1 Point) (1 Point) The Aggregate Supply Curve United States Net National Debt STANDARD $5.000 &POOR'S ASo AS $4.500 $4,000 Price Level Billo 52 500 52.000 1992 92 '94 91 196 97 98 99 100 01- Year Real anp O running a budget deficit. O a tax cut for businesses O a rise in interest rates O running a budget surplus. O an increase in the price for foreign oil O balancing the budget. O a decrease in the price level O borrowing more to pay its bills. 18 20 Suppose policymakers decide to Structure of the Federal Reserve increase government spending. Where System on the diagram does this policy action belong? The president of the United States (1 Point) appoints members of which group on the Federal Reserve organization chart? (1 Point) X Band of Demand SMe CommiBie Mander Park Ow Federal Open Market Committee O X O Board of Governors OY O Federal Advisory Council Oz Federal Reserve Banks