Economic Growth & Development: The Challenge off Economic Development Flashcards
(3 cards)
1
Q
Perspective of long run aggregate supply, if a government lowers the marginal tax rate.
A
The short run AS curve will shift right.
2
Q
Government decides to apply lower levels of environmental regulations
A
The short run a AS curve shift right, and output will go up.
3
Q
Government decides to apply lower levels of environmental regulations
A
Cost of production will go down, and output will go up
