In August 2022, Congress passed the CHIPS Act. A major provision of the legislation is to provide subsidies for construction of new computer chip manufacturing facilities in the U.S. What would be the impact of this in the short-run?
a) Government spending rises and SRAS shifts down/right.
b) Investment spending rises and AD shifts to the right.
c) Investment spending declines and AD shifts to the left.
d) Government spending increases and AD shifts to the right.