Aa - 4-F AaBbCcDc AaBbCcDc AaBbCc AaBbcc AaB AaB 2 . A 1 Normal 1 No Spacing Heading 1 Heading 2 Title Sub Paragraph Styles Based on ch 33 Why It Matters by Mankiw, what are two questions raised by the issues of fluctuations in economic activity in the U.S. and all over the world? 2. The long-run aggregate supply curve is perfectly vertical in the AD-AS model. Describe why it is vertical, using the explanation from ConceptClip: Long-Run Aggregate Supply in ch 33. 3. List three effects to make the aggregate-demand curve sloped downward. Table 1 at 33-3b in ch 33 can be helpful to answer. 4. List four changes to shift the aggregate demand curve. You can also use Table 1 at 33-3b in ch 33 for this question. 5. List three theories to make the short-run aggregate supply curve sloped upward. Table 2 at 33-4e in ch 33 has the answer. 6. List five changes to shift the short-run aggregate supply curve. You can use Table 2 at 33-4e in ch 33 for this question too. 7. What are the four steps for analyzing macroeconomic fluctuations? Check Table 3 at 33-5a in ch 33 to answer it. 8. From Case Study: The Great Recession of 2008-2009, list three policy actions the U.S. government used when the crisis unfolded. (You can find the case study under the title, 33-5a The Effects of a Shift in Aggregate Demand in ch 33.) 2 (Ctrl) W 60OF f4 103 15 -ED 4+ 144 DDI