For each example you are looking at the US economy. Identify the shifter of AS and which direction the curve will shift. Also, identify the example that will only shift the SRAS. New oil deposits are found in the United States.
More people are college educated than 20 years ago.
Unemployment compensation will be increased to $600 a week.
Prices will increase next year.
Taxes on businesses have been lowered.
Environmental regulations have been relaxed for US manufacturing firms.