8:41PM Wed Mar 27 eoo U ) & moodle.concordia.ca Determine with the aid of diagrams the effects of this on current aggregate output, current employment, the current real wage, current consumption, and current investment. buestion 3 (25 points) In the context of the Real Intertemporal Model, suppose there is a permanent increase in total factor productivity. 1- Determine the implications of this for current macroeconomic real variables and show how the impact differs from the case in which total factor productivity is expected to increase only temporarily. Explain your results using diagrams. 2- What will be the effect on the money market for both scenariosg Question 4 (25 points) Suppose that the government decides that the use of credit cards is bad and introduces a tax on credit card services. That is, if a consumer or firm holds a credit card balance of X (in real terms), he or she is taxed tX, where t is the tax rate. Determine the effect on the market of Credit card services and the money market. Explain using diagrams