3. a) What is the net effect of this expansionary monetary policy (i.e., negative real rates of interest) on consumption, all else constant? To answer this question, assume we have an equal amount of "Dagwoods" and "Homers" so we can simply add the change in Dagwood's consumption to the change in Homer's consumption. Please give the actual change in consumption, given this expansionary policy. Change in Dagwood's consumption: -5.5K Change in Homer's consumption: +6.6K