Question 3 Capital Goods 0 Consumer Goods Refer to the figure above. The most likely cause of a shift from AE to CD would be a{n): Show answer decrease in labour productivity increase in the price level @ decrease in the size of the labour force @ recession @ increase in labour productivity Question 4 AS Price Level AD, HAD.! Real GDP Refer the figure above. If the equilibrium price level is P1, then: Show answer choices aggregate demand is ADZ B the equilibrium output level is Q C the equilibrium output level is Q2 D producers will supply output level Q1 there is negative unplanned investment at this priceQuestion 5 AS, Price Level Q,Q,Q, Real GDP Refer to the diagram above. The combined changes in aggregate demand and aggregate supply in the diagram result in a(n): Show answer choices * A higher price level B expansion of real output and a stable price level C expansion of real output and a higher price level D decline in real output and a stable price level E decline real output and a higher price levelQuestion 6 AS, Price Level AD: HAD, Q. Real GDP Refer to the figure above. Suppose that aggregate demand increased from AD, to AD2. For the price level to stay constant: Show answer choices A the aggregate supply curve would have to shift rightward B the aggregate supply curve would have to shift leftward C real output would have to remain constant D the aggregate supply curve would have to be vertical E the AS curve would have to be downward-slopingQuestion 7 AS Price Level ADI ADo Real GDP Refer to the figure above. Which of the following shifts in AD represents a non-inflationary expansion in real output? Show answer choices A ADD to AD1 B AD1 to AD2 C AD2 to AD; D AD; to AD2 E AD3 to ADAQuestion 8 AS Price Level AD, ADi A Da Real GDP Refer to the figure above. Which of the following shifts in AD represents an inflationary expansion in real output as a result of aggregate demand in excess of potential output? Show answer choices A ADD to AD, B AD, to ADD C AD, to ADA D AD, to AD, E ) AD, to AD,Question 9 (A) (8) AS, AS, AS, AS. Price Level Price Level AD Real GDP Rail GOP (C) (D) Price Level Price Level AD, Ram OCP Which of the above diagrams best portrays the effects of declines in the national incomes of our major international trading partners? Show answer choices A A C C D D E both C and DQuestion 10 (A) (B) Price Level Price Level AD Rosi ODP (C) Price Level Price Level AD AD AD, AD Red OOP Rad COP Which of the above diagrams best portrays the effects of a decrease in the availability of key natural resources? Show answer choices A B B C C D D (E ) both A and B