Graphically show the effects of the following scenarios on the aggregate economy. Label all relevant points clearly. For each scenario, describe the effects on the Price Level and Real GDP. a.) Assume the economy is experiencing an Inflationary Gap. Show the effects of an Increase in income tax rates. b.) Assume the economy is at Full Employment. Show the effects of a decrease in government spending on bridge and roadway repairs. c.) Assume the economy is experiencing a $2 trillion Recessionary Gap. 1. What Fiscal Policy changes could help to correct the economic downturn? 2. Relative to the size of the Recessionary Gap, how large would the changes need to be? 3. What Monetary Policy changes could help correct the economic downturn? 4. Relative to the size of the Recessionary Gap, how large would the changes need to be