Use the IS-LMmodel to describe the effects of an increase in housing prices on the following. Assume the economy begins at full employment. Please express all effects (increase, decrease, no change) relative to the initial position. Please include a well annotated graphical analysis.

a. Real output in the short run [ increase, decrease, no change ]

b. Unemployment rate in the short run [ increase, decrease, no change ]

c. Interest rate in the short run [ increase, decrease, no change ]

d. Consumption in the short run [ increase, decrease, no change ]

e. Investment in the short run [ increase, decrease, no change ]

f. Real output in the long run [ increase, decrease, no change ]

g. Unemployment rate in the long run [ increase, decrease, no change ]

h. Interest rate in the long run [ increase, decrease, no change ]

i. Consumption in the long run [ increase, decrease, no change ]

j. Investment in the long run [ increase, decrease, no change ]