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1. Illustrate (label properly) and explain a downward sloping aggregate demand curve. 2. Illustrate (label properly) the effect on aggregate demand caused by an increase (and a decrease) in consumption, investment, government purchases, or net exports. 3. Illustrate (label properly) and explain a long run aggregate supply curve. 4. Illustrate (label properly) and explain a short run aggregate supply curve. 5. Illustrate (label properly) a reduction in short-run aggregate supply. 6. Illustrate (label properly) and explain a recessionary gap. 7. Illustrate (label properly) and explain an inflationary gap