The Aggregate Demand - Aggregate Supply Problem Set 1. Suppose that there is a positive aggregate supply shock. Which graph most accurately shows how this would affect the aggregate demand - aggregate supply model? Note that the new curve is shown in gray. a. AS curve shifts right: b. AD curve shifts right: c. AS curve shifts left: d. AD curve shifts left: * This assignment by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License. You can access an alternative means to plotting points at https://www.desmos.com/calculator. 2. Suppose that there is a positive aggregate demand shock. Which graph most accurately shows how this would affect the aggregate demand - aggregate supply model? Note that the new curve is shown in gray. a. AS curve shifts right: b. AD curve shifts right: c. AS curve shifts left: d. AD curve shifts left: 3. Suppose that we observe a decrease in wages. Which graph most accurately shows how this would affect the aggregate demand - aggregate supply model? Note that the new curve is shown in gray. a. AS curve shifts right: b. AD curve shifts right: c. AS curve shifts left: d. AD curve shifts left: 4