During COVID, major economies around the world had implemented lock-down policies and consequently, demanded fewer imports. In an ISLMIP diagram, show the effect of COVID-19 on Australian output, the interest rate and the exchange rate. (9 points) (Note that the impact on Australia from the pandemic was relatively mild, so you can assume, rather unrealistically, that output in the Australian economy was not directly impacted by COVID-19. Therefore, in your answer, use the model to analyse any other indirect effects on output in the economy, along with the interest rate and the exchange rate).