please answer the following questions based on macroeconomics

In answering the question. you should emphasize the line of reasoning that generated your results; it is not enough to list the results of your analysis. Include correctly labeled diagrams. if useful or required, in explaining your answers A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes Assume that the economy is operating below the full-employment level of output and that the government's budget is balanced. a. Using a correctly labeled aggregate demand and aggregate supply graph, show how an increase in government spending will affect each of the following in the short run, i. Real output ii. Price level b. Explain how this increase in government spending will affect each of the following in the short run. i. Real interest rates ii. Investment ct Now assume that instead of increasing government spending, the government decreases corporate-profits taxes Using a correctly labeled aggregate demand and aggregate supply graph, show and explain how this decrease in corporate-prots taxes will affect each of the following i. Aggregate demand ii. Long-run aggregate supply iii. Real output iv. Price level dt Assume that this country produces two goods. X and Y Draw a correctly labeled production possibilities curve for this economy Now show on the graph how this decrease in corporate-prots taxes will affect this economy's production possibilities curve