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In light of low economic growth, (A) some argue that we need business income tax cuts and removal of regulations to spur higher economic growth, (B) others support tax cuts for the middle and high income households. Yet (C) there are others who argue in favor of a mix policy of select industry subsidies (solar and wind energy and battery storage technology), spending on education and infrastructure. Using Aggregate Demand-Aggregate Supply (AD-AS) model, compare and contrast the impact of each position (A, B, and C) on real output (and employment) and price-level. (Use a separate model/graph for each case). Remember that some policies are aimed at supply-side and others are at demand-side or both.

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