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2. Biden marked his lth day in ofce to promote his $4 trillion spending proposals designed to redistribute the nation's wealth. the American Jobs Plan,

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2. Biden marked his lth day in ofce to promote his $4 trillion spending proposals designed to redistribute the nation's wealth. the American Jobs Plan, a sweeping $2.3 trillion package is designed to x the nation's crumbling roads and bridges, create jobs and tackle climate change; and the American Families Plan, a $1.8 trillion plan to fund billions of dollars on child care, prekindergarten, paid family leave and tuitionfree community college. The President said he would pay for the packages by increasing taxes on wealthy Americans and corporations. a. Determine the effects of the policy on Keynesian cross and loanable funds market. Explain, use graphs and math. b. What would be the effect on national income and interest rate in the short run. Use ISLM, graph, math and explain. c. What might happen with the level of prices? Use ADIAS model and use graph. d. How investment in in'astructure can affect productivity of capital and productivity of labor? Use the graphs, equations and explain

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