[Steps Shown] Show and explain the expected results regarding the equilibrium interest rate and national income using the IS-LM analysis for each of the following:
Question:
Show and explain the expected results regarding the equilibrium interest rate and national income using the IS-LM analysis for each of the following:
a. Congress decides to pass a tax cut.
b. The Federal Reserve decides to increase the money supply.
c. Both of the above scenarios happen simultaneously.
Note: I am asking for three different graphs, one for each part. Also, answer the questions in word and provide your explanation.
Deliverable: Word Document 