Aggregate Demand Name: Date: Part 3: Draw the graph, shift the curve, and explain why it shifted price level 1. Congress cuts taxes . Increases 6. Employees get raises for the 5th year in a row A9 2 price Real GDP level 2. Decrease in people taking out car loans perce terol Real GDP 7. President cuts defense spending Real GDP 3. Government spending will increase next year price level 8. Increase in interest rates Bfict level Becul GOP 4. Survey shows consumer confidence sky rockets DECP REULI GOP 9. Recovery from a recession Price level Real 5. Stock market crash GOP Real GOP