Each of the following headlines describes an event that will have an effect on desired aggregate expenditure. What will be the effect on equilibrium national income of​ Canada? In each​ case, describe how the event would be illustrated in the 45°​-line diagram. Part 2 a. Finance minister pledges to cut income-tax rates. B) Prime minister promises burst of
Each of the following headlines describes an event that will have an effect on desired aggregate expenditure. What will be the effect on equilibrium national income of​ Canada? In each​ case, describe how the event would be illustrated in the
45°​-line
diagram.
Part 2
a. Finance minister pledges to cut income-tax rates.
B) Prime minister promises burst of infrastructure spending
equilibrium national income would __________ This would cause _________ in the AE curve