00:01
So let's start with question four.
00:03
To have a lower price level and a higher output, we need a leftward shift in the aggregate supply curve.
00:16
So the correct answer is c, a leftward shift in the as, and this could be caused by an increase in the production costs, like higher wages or higher raw material prices.
00:33
Five, none of the events listed would directly cause a leftward shift in the as curve, but option a, an increase in bad weather and natural disasters, could increase the production costs and lead to a leftward shift.
00:57
Certain types of equipment to be able to go through that type of storm and predicament.
01:03
Six, an increase in consumer and business optimism when they do an increase in aggregate demand as people and firms are more willing to spend.
01:27
So the correct answer is c, the ad curve will shift to the right...
