Problem 1. Very general Use the IS-LM diagram to describe the short-run and long-run effects of the following changes on output (Y), interest rates (r), price level (P), consumption (C), Investment (I) and real money balances (M/P). Assume that we start at long run equilibrium output in each instance where FE, IS and LM intersect. a) An increase in Money Supply b) An increase in Government Purchases c) An increase in Taxes