In the table below, classify the following developments as shocks to aggregate supply (AS) or aggregate demand
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Question:
In the table below, classify the following developments as shocks to aggregate
supply (AS) or aggregate demand (AD) and show whether they are stimulative (+) or
restrictive (-) with respect to output and with respect to prices
Shock Type of Shock Output Effect Price Effect
Oil Price Surge
Equity Crash
Heightened Fear of Job Losses
Deregulation
Fed increases interest paid on reserves
Improved inventory control
Government limits workweek
Better information technology
Fed embarks on quantitative easing
COVID-19 pandemic
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