{"id":528,"date":"2016-07-15T22:37:29","date_gmt":"2016-07-15T22:37:29","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/discussion-economic-impact-of-lower-corporate-tax-rate\/"},"modified":"2023-07-15T01:43:42","modified_gmt":"2023-07-15T01:43:42","slug":"discussion-economic-impact-of-lower-corporate-tax-rate","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/discussion-economic-impact-of-lower-corporate-tax-rate\/","title":{"raw":"Discussion: Economic Impact of Lower Corporate Tax Rate","rendered":"Discussion: Economic Impact of Lower Corporate Tax Rate"},"content":{"raw":"Suppose Congress votes to decrease corporate income tax rates. Use the AD\/AS model to analyze the likely impact of the tax cuts on the macroeconomy. Show graphically and explain your reasoning. What exactly causes AD and\/or AS to shift? What happens to GDP and the aggregate price level? Why?","rendered":"<p>Suppose Congress votes to decrease corporate income tax rates. Use the AD\/AS model to analyze the likely impact of the tax cuts on the macroeconomy. Show graphically and explain your reasoning. What exactly causes AD and\/or AS to shift? What happens to GDP and the aggregate price level? Why?<\/p>\n","protected":false},"author":32,"menu_order":17,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-528","chapter","type-chapter","status-publish","hentry"],"part":599,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/528\/revisions"}],"predecessor-version":[{"id":529,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/528\/revisions\/529"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/parts\/599"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/528\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/media?parent=528"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapter-type?post=528"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/contributor?post=528"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/license?post=528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}