Fri 8 Jul, 2016 10:05 pm - In my macro course one of the questions on a quiz asked about the effects of a tax cut on capital income on: aggregate demand (increase), Long run aggregate supply (increase), short run aggregate... (view)
Fri 8 Jul, 2016 09:16 pm - I am somewhat unsure about this.
My textbook does not seem to mention deflation as an expected result of each decrease in AD, though this is what the model suggests. During the last 50 years in... (view)
