Question: 1 . Use the IS - LM model and create an enlarged version of Figure 1 to answer the following question. Suppose that in period

1. Use the IS-LM model and create an enlarged version of Figure 1 to answer the following question. Suppose that in period 0 Turkey is at full employment. Then, in period 1, Turkey receives news that the US government will soon permanently reduce spending (perhaps in period 2), but has not done so yet as of period 1. Show what are the effects in Turkey in period 1 only.
1 . Use the IS - LM model and create an enlarged

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