President Biden proposes historic tax increases on the oil and gas industry. They have not been passed by Congress, as of yet. Show what would happen in the economy if they are passed. Aggregate Demand no change = 0, up I, down - 2 Aggregate Supply no change = 0, wp I, down - 2 Price Level indeterminant = 0, p = 1, down - 2 Level of Output indeterminant = 0, wp1down - 2 Nominal Interest Rates Indeterminant, up I, down President Biden proposes historic tax increases on the oil and gas industry. They have not been passed by Congress, as of yet. Show what would happen in the economy if they are passed. Aggregate Demand no change = 0, up I, down - 2 Aggregate Supply no change = 0, wp I, down - 2 Price Level indeterminant = 0, p = 1, down - 2 Level of Output indeterminant = 0, wp1down - 2 Nominal Interest Rates Indeterminant, up I, down