The AD-AS model can be used to analyze the effects of fiscal policy, including changes in government spending or taxes. Suppose Congress votes to decrease corporate income tax rates. Use the AD/AS model to analyze the likely impact of the tax cuts on the macroeconomy. Show graphically and explain your reasoning for both Keynesian and Neoclassical perspectives. What exactly causes AD and/or AS to shift? What happens to GDP and the aggregate price level? Why?

Rubric
Criteria    Not Evident    Developing    Proficient    Distinguished    Weight
Explain the Keynesian perspective on tax cuts and show graphically.                    4

Explain the Neoclassical Perspective on tax cuts and show graphically.                    4
Explain the effect of tax cuts on GDP.  Show graphically.                    4
Explain the effect of tax cuts on the price level.  Show graphically.                    4
Write up your analysis using correct language, explaining all your work.                    4

also if you get this instructions please write in your own words my professor is very strict and won’t take too much internet source.