Illustrate the possible effects of the following policy measures on the AS and AD curves: (a) a

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Illustrate the possible effects of the following policy measures on the AS and AD curves:

(a) a cut in income tax rates

(b) a rise in government expenditure

(c) a decrease in the cost of borrowing by firms and households

(d) a fall in the value of the domestic currency on the foreign exchange market

(e) a rise in consumer confidence.

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Principles Of Macroeconomics

ISBN: 9780465016150

1st Edition

Authors: Joseph G. Nellis, David Parker

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