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  3. 3. if the government were to reduce income taxes,

3. If the government were to reduce income taxes, how would the reduction affect output and...

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Economics

3. If the government were to reduce income taxes, how would thereduction affect output and the price level in the short run? Inthe long run? Describe how the aggregate supply and aggregatedemand curves would be affected?

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Answer The agreegate demand and supply curve is essential concept in determining the relationship between price level and level of output in the economy They shifts as per the fluctuations in    See Answer
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