The AD-AS model can be used to analyze the effects of fiscal policy, including changes in government spending or taxes. Suppose Congress votes to decrease corporate income tax rates. Use the AD/AS model to analyze the likely impact of the tax cuts on the macroeconomy, Show graphically and explain your reasoning. What exactly causes AD and/or A5 to shift? What happens to GDP and the aggregate price level? Why? Rubc Criteria Not Evident Developing Procient Distinguished Weight 4 Explain the Keynesian perspective on tax cuts and show graphically. Explain the Neoclassical Perspective on tax cuts and show graphically. 4 Explain the effect of tax cuts on GDP. Show graphically. 4 Explain the effect of tax cuts on the price level. Show graphically. 4 Write up your analysis using correct language, explaining all your work. 4 Total: 20