3. Consider the model of long run exchange rate determination developed in class. There are two countries, the US and Japan. Prices are perfectly flexible. Determine the effects of the following events on the US exchange rate with Japan. In each case state your assumptions. a. Japan increases its money supply by twenty percent. b. There is economic growth of seven percent in the US. At the same time the US increases the money supply by twenty percent. C. Credit cards are legalized in Japan. Previously they were illegal. d. Donald Trump increases the US deficit by reducing taxes