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Macro Model and Fiscal Policy

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Please give a detail explination. Include any graphs or charts as needed.

Internet Question
http://taxhistory.tax.org
Go explore the tax museum. While there select the dates 1861 to 1865. Provide a synopsis on the relative approaches taken by the North and the South with regard to tax policy. Which was superior and why?

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Please give a detail explanation. Include any graphs or charts as needed.
Please note that this does not need any graphs or charts.
Internet Question
http://taxhistory.tax.org
Go explore the tax museum. While there select the dates 1861 to 1865. Provide a one page synopsis on the relative approaches taken by the North and the South with regard to tax policy. Which was superior and why?
The approach taken by South with regards to taxation was a light tax burden. The Capital was mainly land and slaves, paper currency was scarce. There was an inflation rate of 12 percent and since different means of raising taxes proved ...

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Discuss the properties of the Aggregate Demand Aggregate Supply model and how fiscal policies shift the curves and affect the macro economy.

A). In the basic supply and demand analysis, we usually look at the demand curve and the supply curve for one commodity in a market. When we look at the macro economy, the corresponding terms are called Aggregate Demand (AD) and Aggregate Supply (AS). What do these two curves AD and AS represent and discuss their properties.

B). Fiscal policies are implemented through manipulating the two curves AD and AS. Discuss fiscal policies that shift these two curves. How do these fiscal policies affect your work place?

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