Starting from long run equilibrium, in response to a decrease in AD:The price level will increase more in the long run than in the short run.
September 3, 2020
( 25 points ) President Trump’s Policies 1 . Lower marginal income tax rates 2 . Lower corporate tax rates 3. A $1 trillion increase in spending on…
September 3, 2020

“Globalization in Your Life”

Tariffs on steel and aluminum are proposed to be set at 25% for steel and 10% for aluminum.

Watch the video Tariffs and Protectionism ( https://www.youtube.com/watch?v=Gr-Ld7DnBZQ) to prepare for this week’s discussion.

Reply to these questions in your post:

  • Who do you think will ultimately pay these tariffs? Explain your answer.
  • Describe a good or service you use that has been impacted by trade or globalization. What are some advantages and/or disadvantages you have experienced?

Discuss globalization with your peers:

  • Reply to a peer and discuss their experience with trade or globalization. Was your peer’s experience like yours? Did you learn something new from reading your peer’s reply?
KM
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