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Assuming that the government decides to address the low level of production and employment caused by COVID-19 by cutting down taxes (personal income and corporate
Assuming that the government decides to address the low level of production and employment caused by COVID-19 by cutting down taxes (personal income and corporate taxes).Explain by the use of graphs, the impact of such fiscal policy on aggregate output. In your explanation, describe the interaction between the Money market, IS-LM and AD-AS Model.
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