QUESTION 17 Assume the U.S. economy - represented in the following graph is in a short-run equilibrium at "E". Match the scenarios given on the left with the possible equilibrium point to which the economy moves because of the the given condition (s). In other words, what is the effect of the given scenario(s) on equilibrium assuming everything else remains unchanged? E8 SRAS" SRAS E1 SRAS E7 E2 E6 E Price Level -- ! 1 I ES - ---- E P2 - - AD AD AD Q Q Real GDP O Tax cut to families A E2 Tax cut to families AND a maior war that disrupted the supply B.ES Click Save and Submit to save and submit. Click Save All Answers to save all answer SA AD AD 0 Q1 Q2 QE Real GDP A. EZ C.E1 D.E4 E. E8 Tax cut to families Tax cut to families AND a major war that disrupted the supply B. E5 of oil (a major resources for the production and transportation of goods and services) Natural disaster in the agricultural sector Widespread consumer pessimism about the future A major loss of wealth due to stock market crash AND advancement in technology that improved productivity Weakening currency AND declining labor cost (wage) Serious economic slowdown in Canada, Mexico, China, and other countries AND increasing cost of production in the U.S. Advancement in technology F. E7 G.E3 H. EG