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Decreases corporate income tax rates

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The new tax law dramatically decreases 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 happens to GDP and the aggregate price level? Why? Do you believe that this tax cut will help the country as a whole? Why? Please provide examples and at least one quotation from your research and its source (must be after July 1, 2018) in your discussion.

Reference no: EM132235458

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