d) Now suppose the government of Utopia lowers taxes (net of transfers) by 300 and they print brand new money to pay for any \"new\" deficit this creates. Assuming that the economy was initially at full-employment, what are the new values of output, consumption, investment, real interest rate, public saving, private saving, national saving, and price level in the short-run and the long-run? (8 points) Suppose instead of what happened in part c (above) that the government lowers taxes by 300 and prints brand new money to pay for 100% of the government's deficit. Assuming that the economy was initially at full-employment, what are the new values of output, consumption, investment, real interest rate, public saving, private saving, national saving, and price level in the short-run? (5 points) Suppose a prominent economist criticizes the policy recommended in part C by saying this policy goes too far. By aggressively raising the money supply the government will create high levels of ination for many years to come and thereby discourage new physical capital investment. Use the IS/LM model to describe whether these criticisms are at all reasonable. Don't forget to explain why each argument is or is not reasonable. (9 points)