Can someone please give a written example of a factor from the "AD and AS working together" graphs I've inserted below showing change in a certain direction and describe the resulting change in the equilibrium?

10:36 A AD and AS working together 2021SU Prin Macroeconomics (ECON-2301-ONL25) Wage Rates I Prices of Nonlabor Inputs J SRAS 1 Productivity 1 Beneficial Supply Shock Finally, this one shows the AD and AS in combination: Economy in the Short Run Aggregate Real GDP Short-Run Demand Price Level Aggregate Supply G NX Wage Prices Productivity Supply -O Rates of Shocks Nonlabor 1. Wealth 1. Interest Rate Inputs Adverse Beneficial 2. Expectations (money supply about Future Is relevant here) 1. Foreign Real 1. Exchange Rate Prices and 2. Expectations National Income Income about Future 2. Exchange Rate 3. Interest Rate Sales (money supply 3. Business Taxes is relevant here) 4. Income Taxes So, when you are doing the analysis, refer to these charts to make sure you are shifting the lines accordingly. Previous Next 0= 3 n Dashboard Calendar To Do Notifications Inbox10:36 AD and AS working together 2021SU Prin Macroeconomics (ECON-2301-ONL25) First, what impacts Aggregate Demand? From our graphic standpoint, that's like saying what shifts the graph? AD changes if C, I, G, or EX - IM changes. 1. Wealth What can cause C 2. Expectations about future prices to change? and income 3. Interest rate 4. Income taxes 1. Interest rate What can cause / to change? 2. Expectations about future sales 3. Business taxes What can cause G We discuss the specifics of to change? government spending in a later chapter. What can cause EX - IM 1. Foreign real national income to change? 2. Exchange rate Second, what impacts Aggregate Supply? From our graphic standpoint, that's like saying what shifts the graph? The graphic below shows what happens when each of the factors move in one direction, if they direction of impact were reversed, the impact on SRAS would be reversed. Wage Rates I Prices of Nonlabor Previous Next O= 3 n Dashboard Calendar To Do Notifications Inbox