you can take longe than 30 minutes if you wish to answer all the questions if not please pick the questions you want and answer them

inB Mr B (i) Following exit from the EU single market, assuming the UK decides to trade only among the four nations (i.e., without rest of the world). How will the shocks listed in 'a-e' below affect the UK's (i.1) equilibrium level of output, (i2) unemployment, (t3) the IS curve and (L4) the exchange rate (XR) curve (a) stock market boom (4 marks) (b) a fall in the retirement age (4 marks) (c) a decrease in depreciation rate (4 marks) (d) a natural disaster that wipes-off stock of capital (4 marks) (e) an increase in the rate of technological progress (4 marks) (ii) If we relax earlier assumption, and now assume that the UK is a small open economy. demonstrate using the 3-equation model the adjustment to equilibrium of a permanent shock to aggregate demand (10 marks) Section C (30 marks). Please answer either question C1 or CZ. c1. In a country with a small open economy, government has ordered a mass domestic introduction of fully automatic retail and teller machines in all shops/supermarkets for consumers to reduce human contact during pandemic. All displaced shop assistances and cashiers have received 6-month wages and free retraining programs supported by the government and get employment in other sectors. Imagine that the cost of such technology has been reduced considerably, while quality is improved. i.Using 3-equation macroeconomic model for Open economy with labour market, draw a relevant diagram and explain the likely possible effects of these automation technology and the government measures on the key macroeconomic indicators. Clearly state your assumptions and explain any shifts in your diagram (10 points). ii.Explain your economic arguments. and identify likely short-term macroeconomic impacts of this mass automation technology and government measures on: (a) the labour market equilibrium (3 points), (b) private investment (3 points), (c) real exchange rate (3 points). (d) output (3 points) (e) inflation (3 points)