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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.
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(a)Â Â Â 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.]
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(b)Â Â Â 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.]
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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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