Macroeconomics 12th Edition by Rudiger Dornbusch, Stanley Fischer ,Richard Startz

تمرين 1

If the government were to reduce income taxes, how would the reduction affect output and the price level in the short run In the long run Show how the aggregate supply and demand curves would be affected, in both cases.
b. What is supply-side economics Is it likely to be effective, given your answer to part a