(c) Suppose that 20,000 of the employed switches to jobs in the underground economy. When interviewed by STATIN, 50% of these switchers report that they are not working and not seeking work, while the other 50% report that they are not working but seeking work. Explain what happens to the official unemployment rate and the "true" unemployment rate. (2 marks) (d) Illustrate and carefully explain the impact of an increase in the income tax rate from 25 percent to 35 percent on the demand for labour, supply of labour, equilibrium wage and level of employment. (6 marks) (e) The central bank of your assigned Caribbean country decides to pursue an expansionary monetary policy. (i) Identify one possible action they could take. (1 mark) (ii) Carefully explain, in as much detail as possible, how the chosen action will impact the money market. (5 marks) (iii) Illustrate the overall impact of the chosen action on the money market. (3 marks) (iv) Identify a newspaper article in your assigned Caribbean country that provides a situation in which an expansionary monetary policy was implemented by the central bank. Ensure that you provide a screenshot of the article in your submission. (2 marks) (f) With the aid of a well labelled diagram, carefully explain the impact on the money market if there was a discovery of gold that fuels inflation