{"id":4636,"date":"2016-07-15T22:37:29","date_gmt":"2016-07-15T22:37:29","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/waymakermacroxmasterfall2016\/?post_type=chapter&#038;p=4636"},"modified":"2016-07-15T22:38:21","modified_gmt":"2016-07-15T22:38:21","slug":"discussion-economic-impact-of-lower-corporate-tax-rate","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/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\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-4636\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Discussion: Economic Impact of Lower Corporate Tax Rate. <strong>Authored by<\/strong>: Steve Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":26,"menu_order":23,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Discussion: Economic Impact of Lower Corporate Tax Rate\",\"author\":\"Steve Greenlaw and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"9ebb04d1-cf33-4951-bd18-995a5ac356cc","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-4636","chapter","type-chapter","status-publish","hentry"],"part":187,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/pressbooks\/v2\/chapters\/4636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/wp\/v2\/users\/26"}],"version-history":[{"count":2,"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/pressbooks\/v2\/chapters\/4636\/revisions"}],"predecessor-version":[{"id":4638,"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/pressbooks\/v2\/chapters\/4636\/revisions\/4638"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/pressbooks\/v2\/parts\/187"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/pressbooks\/v2\/chapters\/4636\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/wp\/v2\/media?parent=4636"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/pressbooks\/v2\/chapter-type?post=4636"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/wp\/v2\/contributor?post=4636"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/hccs-macroeconomics-3\/wp-json\/wp\/v2\/license?post=4636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}