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Who can slove those questions?thanks 2. Please use AD-AS with IS-LM model to answer the following questions (not under liquidity trap): (1) Draw diagrams to

Who can slove those questions?thanks image text in transcribed
2. Please use AD-AS with IS-LM model to answer the following questions (not under liquidity trap): (1) Draw diagrams to show the short-run and medium-run effects of a decrease in nominal money. (10%) What is the impact on output and nominal interest rate in the short-run and medium-run? (16%) Explain in words. (4%) (2) Draw diagrams to show the short-run and medium-run effects if the government decides to increase tax while other things being equal. (10%) What is the impact on output and real interest rate in the short-run and medium-run? (16%) Explain in words. (4%)

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