For each of the following indicate if the scenario represents a Price Shock which would shift the SRAS and specify whether it will be shifting left or right. OR if the scenario represents a shift in AD and whether it will shift to the left or the right.

1. The United States government decides to increase the federal tax rate by 5% for all marginal tax rates in an effort to decrease the size of the federal deficit.
2. The Federal Reserve, the agency charged with regulating banking and monetary policy in the United States, decides to decrease the amount of money available in the economy, driving up interest rates.
3. Economic sanctions against Russia over their military action in Ukraine causes major disruptions to the world petroleum market.
4. The United States government issues COVID-19 relief payments of $1400 to all tax paying adults.