For each of the following situations, describe how (if at all) the IS, MP, and AD curves

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For each of the following situations, describe how (if at all) the IS, MP, and AD curves are affected.

a. A decrease in financial frictions

b. An increase in taxes and an autonomous easing of monetary policy

c. An increase in the current inflation rate

d. A decrease in autonomous consumption

e. Firms become more optimistic about the future of the economy.

f. The new Bank of Canada governor begins to care more about fighting inflation.

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