3. Short answer questions. (a) How do living wills address the Implicit Guarantees problem? (b) Does the Diamond and Dybvig model predict when runs will occur? Explain. (c) What's the difference between loss spirals/fire sales and in-direct link- ages? How are they similar? 3. Short answer questions. (a) How do living wills address the Implicit Guarantees problem? (b) Does the Diamond and Dybvig model predict when runs will occur? Explain. (c) What's the difference between loss spirals/fire sales and in-direct link- ages? How are they similar