Question: By using aggregate supply and aggregate demand curves to illustrate your points, discuss the impacts of the following events on the price level and on

By using aggregate supply and aggregate demand curves to illustrate your points, discuss the impacts of the following events on the price level and on equilibrium GDP (Y) in the short run:
a. A tax cut holding government purchases constant with the economy operating well below full capacity
b. An increase in consumer confidence and business optimism with the economy operating at near full capacity

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