2010-2017, the money supply shows a substantial increase: a) Measure graphically what were the effects on IS-LM, AD-AS model, if the economy presents a labor market, as is the case, completely flexible, with no redundancy costs and extreme mobility (no rigidities) b) Use the quantitative theory to measure the effects of the trend you see in the monetary base on the US economy in the long term. What do you expect to happen with nominal interest rate? FRED . Myay Stack 1980 ises 1925 2015 Shades areas indicate US recessions Source: Board of Governors of ing Federal Reserve System (US)