An increase in taxation will shift the AD curve to the Select one: O Left because government revenue will increase O Right because consumption will rise O Right because government revenue will decrease O Left because consumption will fallA Keynesian basically believes that Select one: Government spending is necessary to restore full employment equilibrium O Supply will adjust to restore full employment equilibrium Economics is just too hard and we should all give up Demand will adjust to restore full employment equilibriumIf there i5 an increase in wages, then Select one: '3' Bath 5A5 and LAB will shift tn the right Cl 5A5 will Shift tn the left, but LAB will net metre '3' SAS will Shift tn the right, but LAB will net move '3' Beth 5A5 and LAEwill shift to the left Consider the following chart. 130- LAS 120= 110- 100 - 90 - 80- X AD 0.8 0.9 1.0 1.1 1.2 1.3 GDP The (approximate) short run equilibrium is Select one: O A price level of 105 and a GDP level of 1.1 O A price level of 105 and a GDP level of 1.0 O A price level of 100 and a GDP level of 1.1 O A price level of 95 and a GDP level of