Question: Use the IS-LM and aggregate demand-aggregate supply diagrams to present the case in favor of the George W. Bush administration tax cuts as a stimulus

Use the IS-LM and aggregate demand-aggregate supply diagrams to present the case in favor of the George W. Bush administration tax cuts as a stimulus to growth. What criticisms would Keynesian economists put forward to refute this case?

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In the ISLM model President Bushs policy of large tax cuts large increases in government spending ... View full answer

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