6. The European Central Bank has increased the money supply through massive open market purchases of financial securities. a. In the graphs, show the shift in the supply and/or demand curves in the Credit Market and in the Foreign Exchange Market. Use inserted arrows to show the shift in the curves and changes to the X and Y-axis variables. Cost of Exchange credit Rate Price/E S S D D Q of real credit/time (RC) E/per of time b. Does the euro appreciate or depreciate relative to other currencies? c. Will this new exchange rate make Eurozone exports more or less expensive for foreign buyers? d. Recall that GDP = C + 1 + G + NE. If all other factors are unchanged (ceteris paribus), explain the predicted effect on Eurozone GDP