Pretend you are the Chief of Staff for the CEO of a large manufacturing corporation. The CEO has come to you in a panic. He says "Our chief economist has taken ill with COVID-19 and has been hospitalized. I need some answers to important questions about the economy. I see from your resume that you took an Economics course in college. Please fill in for our colleague and organize answers for the following questions (if you do them well, you can expect a promotion and raise in your future)": Use the basic Agg D - Agg S model to analyze each of the following events. Include in your analysis a clear statement of whether the model implies that Real GDP and total employment will rise or fall (ceteris paribus):

a . The central bank (FED) increases interest rates

b . The dollar depreciates in international currency markets

c . The Congress decreases government spending