question archive Describe the short-run effect of a demand shock that increases AD
Describe the short-run effect of a demand shock that increases AD
Subject:EconomicsPrice: Bought3
Describe the short-run effect of a demand shock that increases AD. (4 points)
Describe the long-run effect of a supply shock that decreases AS. (4 points)
A country is in a recession. One of the major political parties proposes significant reductions in both corporate and individual income taxes in order to end the recession. Explain the rationale behind this proposal. (5 points)
