Thank you.

1. If the Federal Reserve buys bonds, what are the effects in the AD-AS model and in the Phillips Curve model? a. AD shifts right, SRPC shifts right b. AD shifts left, SRPC shifts left c. AD shifts left, move down and to the right along SRPC d. AD shifts right, move down and to the right along SRPC e. AD shifts right, move up and to the left along SRPC 2. If the government decreases GDP-G, what are the effects in the AD-AS model and in the Phillips Curve model? a. AD shifts right, SRPC shifts right b. AD shifts left, SRPC shifts left c. AD shifts left, move down and to the right along SRPC d. AD shifts right, move down and to the right along SRPC e. AD shifts right, move up and to the left along SRPC 3. If there is an oil price shock, causing oil prices to rise sharply, what are the effects in the AD-AS model and in the Phillips Curve model? a. AD shifts right, SRPC shifts right b. AD shifts left, SRPC shifts left c. SRAS shifts right, SRPC shifts right d. SRAS shifts left, SRPC shifts right e. SRAS shifts right, LRPC shifts right 4. If the Federal Reserve practices contractionary open market operations, what are the effects in the AD-AS model and in the Phillips Curve model? a. AD shifts left, move down and to the right along SRPC b. AD shifts left, SRPC shifts left c. AD shifts left, SRPC shifts right d. AD shifts right, move up and to the left along SRPC e. AD shifts right, LRPC shifts right 5. In #4 above this federal Reserve action would be to bonds