Question
Can you help with this homework question: The economy is operating below full employment, and the govt decreases business taxes. how will this affect output
Can you help with this homework question:
The economy is operating below full employment, and the govt decreases business taxes.
how will this affect output and price levels on the AD/AS graph?
Next I have to draw a Phillips curve to show how this policy will affect each of the following as the economy approaches a new equilibrium:
The PC
The natural rate of unemployment.
Thank you!
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
