Essay
For each of the following cases, draw an IS curve to show how each of the factors affects the IS curve.
(a) The United States enters into a new trade agreement to increase exports to partner nations.
(b) The government widens the income tax brackets to effectively lower taxes.
(c) The government institutes a larger exemption from taxes for both single and married taxpayers.
Correct Answer:
Verified
Correct Answer:
Verified
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