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c) (15 points - 5 for each correct and completely labeled diagram) Use the identical diagrams as you did for part a) but this time,
c) (15 points - 5 for each correct and completely labeled diagram) Use the identical diagrams as you did for part a) but this time, instead of Japan increasing output via expansionary monetary policy, they increase output via expansionary fiscal policy (an increase in G). Using the customary labeling as above, locate points A and B. d) (10 points) Discuss the factors influencing the trade balance for the US. There are three to discuss (ignore any J curve effects). e) [10 points) How would your answers change to parts b) and d) above if we assume J curve effects
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