Problem
1. Explain the composition of aggregate demand. Explain under what circumstances the aggregate demand curve might shift (a) to the right (b) to the left.
2. Distinguish between short-run and long-run aggregate supply and discuss the import-ance of this distinction for macroeconomic policy.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.