Question: 7) Please read the article linked to below and explain using the AD-AS model how lowering tariffs could potentially reduce inflation. Also using the AD-AS

7) Please read the article linked to below and explain using the AD-AS model how lowering tariffs could potentially reduce inflation. Also using the AD-AS model, please point out another possible outcome of lowering the tariffs that could provide an economic explanation as to why the Biden administration is hesitant to do so.

https://www.cnn.com/2021/11/21/politics/biden-inflation-trump-china-tariffs/index.html

(Links to an external site.)

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