Please answer all questions per instructions

1. Draw and correctly label (including both axis ) a graph of the money market. Include curves for the demand and supply of money and label the equilibrium. 2. An increase in credit card fees causes people to use credit cards less often for transactions and demand more money. Using the graph in #1, show the impact of this change in consumer behavior. Make sure to clearly label your graph. 3. Given the change in interest rates in #2, what will happen to bond prices in the short run? 4. Given the change in interest rates in #2, what will happen to the price level in the short run? Explain your reasoning. Hint: it may be helpful to draw an AS/AD graph