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