Draw a labeled foreign exchange market grapgh (side-by-side grapghs for the US and the Euro area). Fiscal government of the US implements an expansionary fiscal policy of lowering taxes that raises the US residents' disposable income.

Problems 1) For the case below, draw a well-labelled foreign exchange market graph (side-by-side graphs for the US and the Euro area) and make necessary changes. What happens to the exchange rate (from the US's perspective)? What happens to the Net Export? [3 pts] Fiscal government of the US implements an expansionary fiscal policy of lowering taxes that raises the US residents' disposable income