XU Velah monetary policy. 1- Draw equilibrium in the labor market showing the effect of pe on equilibrium (hint: use equations 11,12, and 13 from question 1, and put only W on the vertical axis). 2- Draw LM and IS curves in one graph then: flater a. Show the effect of the slope of the IS curve on the effectiveness of steeper. b. Show the effect of the slope of the LM) curve on the effectiveness of monetary policy. 3- Draw the AD and the AS curves in one graph then show the effects of expansionary monetary policy on the over all economy, the money market and the labor market. XU Velah monetary policy. 1- Draw equilibrium in the labor market showing the effect of pe on equilibrium (hint: use equations 11,12, and 13 from question 1, and put only W on the vertical axis). 2- Draw LM and IS curves in one graph then: flater a. Show the effect of the slope of the IS curve on the effectiveness of steeper. b. Show the effect of the slope of the LM) curve on the effectiveness of monetary policy. 3- Draw the AD and the AS curves in one graph then show the effects of expansionary monetary policy on the over all economy, the money market and the labor market