Applying the Aggregate Demand/aggregate Supply Model, and Assuming There Is

Essay

Applying the aggregate demand/aggregate supply model, and assuming there is a small amount of cyclical unemployment, describe the impact on GDP and prices of each of the following events:
a. A decrease in investment
b. A reduction in benefit payments
c. An increase in labour productivity
d. A decrease in export receipts
e. Interest rates decrease
f. Money supply decreases
g. A decrease in crude oil prices
h. A fall in the level of consumer confidence