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Use the Mundell-Fleming model to predict what would happen to aggregate income, the exchange rate, and the trade balance under both floating and fixed exchange

Use the Mundell-Fleming model to predict what would happen to aggregate income, the exchange rate, and the trade balance under both floating and fixed exchange rates in response to each of the following shocks. Include an appropriate graph in your answer.

a) A fall in consumer confidence about the future induces consumers to spend less and save more.

b) The introduction of a stylish line of Toyotas makes some consumers prefer imported cars over domestic cars.

c) The introduction of automated teller machines reduces the demand for money.

Please explain it by using graphs. Thanks

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