For the following two questions, use the BalassarSamuelson model to describe the po- tential impact of each measure on the real exachange. Explain carefullyr how you use the model to reach the conclusions, and if you need to make assumptions, please state them clearly. (a) [10 points] Explain what would be the potential impact on the real exchange rate of signicantly reducing the hours of operation {without layingDE workers), of restau rants, hairdressers, hotels, and the construction sector. (b) [10 points] Explain what would be the potential impact on the real exchange rate of signicantly reducing the hours of operation {without layingoff workers), of all the economic sectors in point {a}, as well as all the factories of manufacturing goods. (c) [10 points] Is the Balassa-Sanluelson model an appropriate model to study the impacts of these policies on the real exchange rate? Why