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4. (25 Points) Consult the IS Curve Class handout. Assume that the MPC stays at 75% throughout this section. In each case below draw an

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4. (25 Points) Consult the IS Curve Class handout. Assume that the MPC stays at 75% throughout this section. In each case below draw an initial IS Curve and label 1your diagram. Then show which direction and by howr much horizontally the IS curve shifts from Its Initial position. c. (6 Points} Suppose the national government led by President C. F. Eyecare cuts taxes by $500 billion and spends $200 billion building luxury public golf courses

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