DiSCUSS the various problems assoc _ , Stabilize an economy.

Assuming the CIaSSIcaI View, how Will each of the following Circumstances affect real cum“
Pr’Ce ‘EVe’, employment. and the real wage rate. Use an AD/AS diagram to support eaCh answe
below.
a. A decrease in consumer wealth
b. An increase in national income abroad
c. A reduction in personal income tax rates
d. A significant technological advancement
e. A significant reduction in government regulations of businesses.
f. A significant increase in government spending
3. A significant increase in world oil prices
5. Assuming the Keynesian View with a recessionary gap, answer the same QUESUWS mm