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3. Ilustrate the effects on the economy of the following statements using both an IS-LM and an AD-SAS graph, explaining why the curves shift and

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3. Ilustrate the effects on the economy of the following statements using both an IS-LM and an AD-SAS graph, explaining why the curves shift and what happens to GDP, interest rates. unemployment, and inflation in each case: 3A. In2017-2018 the Trump Administration enacted a large reduction in household and corporate taxes. (Assume the Fed holds the money supply constant)

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