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a. Contractionary fiscal policy: Use an IS-LM diagram to show the effects of a decrease in government spending on output and the interest rate. Label your figure completely, and briefly explain your answer. ii. What is the effect on the equilibrium levels of consumption and investment? (Do they increase, decrease or remain unchanged?). b. Contractionary monetary policy: Use an IS-LM diagram to show the effects of contractionary monetary policy on output and the interest rate. Label your figure completely, and explain your answer. ii. What is the effect on the equilibrium levels of consumption and investment? c. Based on your answers to (a) and (b), are the macroeconomic effects of contractionary fiscal policy and monetary policy identical? Why or why not