a) If the interest rate on taxable government consols is 8 percent, what will happen to the price of an existing tax-exempt government consol with an annual coupon payment of $60 if the government reduces everyone's marginal tax rate from 30 percent to 10 percent? b) If the nominal interest rate is 10 percent and the rate of inflation is 7 percent, what is the real rate of interest c) The diagram below shows the general equilibrium model for a small economy. For this economy, the economically efficient allocation of resources occurs at point Quantity of Y per week B Quantity of X