In the U.S., President Biden recently approved a $1.9 trillion stimulus package aimed at getting the

economy going. U.S. workers who earned less than $ 75 000 a year in 2019 each received a $ 1 400

stimulus check over the past few weeks.

Use the IS-LM-BP model to explain what this can mean for the levels of output/income and interest

rates in South Africa. Draw the graph and explain the complete chain reaction.