1. Germany is one of the most advanced nations in the world, and one of the nations in Europe that has been severely affected by the Covid19 pandemic. It has approved relief packages to ease the economic hardship. Now, that the population is getting vaccinated economic analysts are forecasting an increase in income taxes for the 2022 scal exercise if the economy rebounds. a. lCan you explain the economic consequences of increasing the income tax? Explain effects on consumption, and use the AD model (Keynesian cross} to explain the impact of this measure on national income. Use models and graphs. Explain b. How does this measure affect the loanable inds model? Explain and use the model to support your answer, draw graphs, use the math. Describe effects on National Savings, investment, interest rate- Explain in deep. Why do you think the policymakers might implement this measure