The following graph represents the money market for some hypothetical economy. This economy is similar to the United States in the sense that it has a central bank called the red, but a major difference is that this economy is closed (and therefore does not have any interaction with other world acanamins). The mancy market is currently in equilibrium at an interest rate of 435 and a quantity of mancy equal to $0.4 million, designated an the graph by the grey star symbol. (?) A New MS Curve Maney Demand 45 New Equityian INTERES RATE Perzert 4.0 3b 20 Money Supply 03 04 45 47 MONEY (Trillions of dollars) Suppose the Fed announces that it is lowering its target interest rate by 75 basis points, or 0.75 percentage points, To do this, the Fed will use open- Suppose the Fed announces wiat it is lowering its berget interest rate by 75 basis points, o1 0.75 percentage points. To do this, the Fed will use open- market operations to money by the public, Use the green line (mangle symball on the previous graph to mustrate the effects of this pabcy by placing the new maney supply curve (MS) in the correct location, Hace the black point (plus symbol) at the new equilibrium interest rate and quantity of monday. Suppose the following graph shows the aggregate demand curve for this economy. The Fed's policy of lengeling a lower interest rate will the out of borrowing, causing residential and business investment spending to and the quantity of output demanded to at each price level. Shift the curve on the graph to show the general impact of the ted's new interest rate target on aggregate demand. Oshift the curve on the graph to show me genera impact of me red s new mterest race carpet on aggregate demand. Aggregate Demand PRICE LEVEL Aggregate Demand OUTPUT