Prices (AD 3) Aggregate Supply Aggregate Demand 1 (AD 1) (AD 2) Quantity = Output - GDP a. Which AD curve best shows Hawaii before Covid - the economy was strong, people had jobs and there was little inflation: b. Which AD curve best shows Hawaii mid-Covid lockdown - tourists were gone, lots of people were unemployed and there was little inflation: Which AD curve best shows Hawaii now - the economy is booming, employers are begging for workers, and prices are rising rapidly - inflation: d. If you wanted to move the AD curve to the right using fiscal policy, name two actions you might take-- 1. Action 1: li. Action 2: e. If you wanted to move the AD curve to the left using monetary policy, name one action you might take: f. If you did a supply side expansion, which curve on the graph would move in which direction? g. In general supply side policies involve trying to change two things in an economy i. What is one thing you would change with supply side policies? 1. Name the thing: 2. Suggest a policy to achieve that change: li. What is the second thing that you would change? 1. Name the thing: 2. Suggest a policy to achieve that change