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Edit View History Bookmarks Tools Window Help In X Mind Tap - Cengage Learning X New Tab X https:/g.cengage.com/staticb/ui/evo/index.html?deploymentid=58326424512 CENGAGE |MINDTAP Aplia Homework: Fiscal Policy Assume that the economy is currently producing at it's potential output. Suppose the government decided to increase taxes to rein in consumer spending, but everything else in the economy remained the same. On the following graph, shirt the aggregate demand curve (AD), the short-run aggregate supply curve (SRAS), or both to show the intended short-run errect of this fiscal policy on the economy. Note: Select and drag one or both or the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to it's original position, just drag it a little farther. SRAS AD SRAS PRICE LEVEL AD REAL GDP Although fiscal policy may theoretically achieve the desired result in an economy, the time it takes for it to be approved and implemented, known as . can cause discretionary fiscal policy Immediately effective. Grade It Now Save & Continue Continue without saving ike you haven't started Firefox in a while. Do you want to clean it up for a fresh, like-new experience? And by the way, welcome