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The graph depicts the Aggregate Expenditure line for a country. This graph depicts the Aggregate Expenditure line before a reduction in the real interest rate

The graph depicts the Aggregate Expenditure line for a country. This graph depicts the Aggregate Expenditure line before a reduction in the real interest rate leads to a large increase in autonomous spending. You will use this diagram to examine the effects of that event. The central bank has recently implemented monetary policy that substantially reduces the real interest rate. As a result, autonomous spending increases by $5 trillion. Examine the effects of this reduction in the real interest rate by identifying (1) the amount of autonomous spending before the real interest rate falls, (2) the amount of induced spending before the real interest rate falls, (3) the level of equilibrium Real GDP before the real interest rate falls, (4) the value of the spending multiplier, (5) the level of equilibrium Real GDP after the real interest rate falls, and (6) the amount of induced spending after the real interest rate falls. Please include a graph that depicts the correctly shifted AE Line. Assume that the AE Line remains linear, and that the shift is

a parallel shift.

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