Indicate whether each of the following factors will affect aggregate demand (AD)or aggregate supply (AS)and whether the effect would be an increase or a decrease.Then indicate what will happen to the price level and the level of Real GDP and what type of equilibrium will result assuming that the economy is initially in a long-run equilibrium.

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The Answer of Indicate whether each of the following factors will affect aggregate demand (AD)or aggregate supply (AS)and whether the effect would be an increase or a decrease.Then indicate what will happen to the price level and the level of Real GDP and what type of equilibrium will result assuming that the economy is initially in a long-run equilibrium.

Indicate Whether Each of the Following Factors Will Affect Aggregate