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(Solved): do explain National Income: Where It Comes From and Where It Goes - End of Chapter Problem Sho ...
do explain 
National Income: Where It Comes From and Where It Goes - End of Chapter Problem Show on the graph how each of the following events changes the equilibrium interest rate by shifting the relevant curve(s). a. The president signs a tax cut into law.
b. An engineering advance induces many firms to upgrade their computer systems.
Expert Answer
a. President signs a tax cut law into the law. Due to a decrease in tax by enforcing the law, the business profits of the firm will rise, then the firm's incentive to invest and develop the