.Illustrate the effects on the economy of the following statements using both an IS-LM and an AD-SAS graph, explaining why the curves shift and what happens to GDP, interest rates, unemployment, and inflation in each case:

1. in 2017-2018 US government reduced large taxes for household and corporates. (assuming money supply is constant)
2. Explain and show graphically on the same graph the effects if the Fed targets the interest raterather than holding the money supply constant in response to theGovernment cuts.
3. Explain and show graphically on the same graph the effects if the Fed targets the interest raterather than holding the money supply constant in response to thegovernment tax cuts