The following graph shows the loanable funds market. For each of the given scenarios, adjust the approgriate curve on the graph to help you complete the questions that follow. Consider cach scenario separately by returning the grapht to its starting position when moving from one scenanio to the next. (Note: You will not be graded on ary changes you make to the graph.) Scenario 1t: Individual Retirement Acrourits (tRAs) allow workers to shelter a portion of their income from taxabion. Suppose the maximum annual contrbution to accounts of this type is $6,000 per person. Now suppose there is an increase in the maximum contribution, frem $5,000 to $9,000 per year: Shif the appropriate curve an the graph to reflect this change. This change in the tax treatment of saving causes the equilibrium interest rate in the market for loanable funds to and the level of investment spending to Scenanio 2t An investment tax credit elfectively lowers the tax bill of any firm that purchases new capital within some relevant time period. Suppose. the govemment rectals a previously existing investment tax credit. Shif the approppiate curve on the graph to reflect this change. The reneal of the previeusly existing tax credit causes the interest rate to and the level of saving to Scenare 3t Innially, the government's budget is balensed; then the government fesponds to the conclusien of a war by signicantly reducing defense spending wathout changieg taxes. This change in spending causes the government to run a budget nakional raving Shit the appropriase curve in the graph fo fellect this change. Th I chuses the interest rate to