Question: 3. Using the IS/LM/BP model and assuming perfect capital mobility, explain: a. how a decrease in foreign income affects domestic output. b. how an appreciation

3. Using the IS/LM/BP model and assuming perfect capital mobility, explain:

a. how a decrease in foreign income affects domestic output.

b. how an appreciation of the domestic currency affects domestic output.

PLEASE I NEED THE IS/LM/BP DIAGRAMS UNDER FIXED AND FLEXIBLE EXCHANGE RATES!

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