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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Suppose that Trumponomics—the economic policy of new President of the United States, Donald Trump—seems likely to involve cutting taxes and increasing government spending.
(a) Illustrate what you think the effects of such a policy are likely to be on price and potential output in the long run using an AD-AS model in. [No discussion needed. Illustrate your diagram clearly.]
(b) Discuss how the nature of the changes you illustrate in (a) will depend upon exactly what kind of tax cuts and spending increases are implemented. [Instructions: Maximum 150 words. You must enter the word count of your answer.]
Hey i just wanted to ask would u be able to help me with (part B) with part a the the prices will increase and output will increase
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