Identify if the following events shift aggregate supply (AS) or aggregate demand (AD): Government cuts defense spending. multiple choice 1 AS decreases. AD decreases. AD increases. AS increases. Interest rates rise. multiple choice 2 AD decreases. AS increases. AS decreases. AD increases. Imported oil gets cheaper. multiple choice 3 AD increases. AS increases. AD decreases. AS decreases. Taxes on the rich are increased. multiple choice 4 AD decreases. AS decreases. AS increases. AD increases