1. The economy is in dire despair due to high unemployment. Congress refuses to do anything. The Central Bank intervenes. Assume the Central Bank maintains a money supply target. Draw the money market model showing the effects of an expansionary monetary policy. Label subscript 0 for before the monetary policy, and subscript 1 for after the monetary policy. 2. The economy is in dire despair due to high unemployment. Congress raises government spending in order to stimulate the economy. Assume the Central maintains an interest rate target. Draw the money market model showing the effects of expansionary fiscal policy on interest rates. Label subscript 0 for before the fiscal policy, and subscript 1 for after the fiscal policy. Explain the relationship between output and interest rates. 3. The economy is in a dire despair due to high unemployment. You are hired as President's chief advisor. Advise the President on what he should do to reduce unemployment. Explain your proposal with a bond market graph AND Keynesian-cross model.