need help with 12-13. original question is number 10

10 5 points Independently of who was right above, the Prime Minister decides to implement an increase in government spending by 200 (that is, the new G is 800). type your answer... Calculate the new IS Curve. Then fill in the blanks in the the equation so that it matches your IS curve: IS Curve: Y type your answer..... 12 1.5 points Draw the new IS and LM in the same graph you uploaded above, still leave your previous graph separately as required in the previous question. Label the new curves S1 and LM, If one of the lines is identical to the old one, simple label it next to the old label, like in the example in class. Drag n' Drop here or Browse 13 2 points What is the new equilibrium real interest rate? Label it. Remember do not divide or multiply times a 100. Just enter the number you get from solving the equation 3 points One other advisor suggests a decrease in taxes. He claims that policy will increase output in the short run by more than an increase in government spending. Another advisor advocates for an increase in government spending of the same amount (as the proposed decrease in taxes): he claims that a decrease in government spending will increase output temporarily by more than an increase in taxes. You have to choose one: to make your decision, you ask them to calculate the tax and government multipliers. What is the government multiplier? (write it in absolute value, that is: if the number is negative, remove the minus sign; if it is positive, leave it as is). Type your answer... 3 points What about the tax multiplier? (write it in absolute value, that is: if the number is negative, remove the minus sign: if it is positive, leave it as is). Type your answer... 5 points You have to choose one option: increase government spending or decrease taxes. Which will increase output the most? Explain why based on the last 2 questions & B Paragraph LENE U x 12pt 10 5 points Independently of who was right above, the Prime Minister decides to implement an increase in government spending by 200 (that is, the new G is 800). type your answer... Calculate the new IS Curve. Then fill in the blanks in the the equation so that it matches your IS curve: IS Curve: Y type your answer..... 12 1.5 points Draw the new IS and LM in the same graph you uploaded above, still leave your previous graph separately as required in the previous question. Label the new curves S1 and LM, If one of the lines is identical to the old one, simple label it next to the old label, like in the example in class. Drag n' Drop here or Browse 13 2 points What is the new equilibrium real interest rate? Label it. Remember do not divide or multiply times a 100. Just enter the number you get from solving the equation 3 points One other advisor suggests a decrease in taxes. He claims that policy will increase output in the short run by more than an increase in government spending. Another advisor advocates for an increase in government spending of the same amount (as the proposed decrease in taxes): he claims that a decrease in government spending will increase output temporarily by more than an increase in taxes. You have to choose one: to make your decision, you ask them to calculate the tax and government multipliers. What is the government multiplier? (write it in absolute value, that is: if the number is negative, remove the minus sign; if it is positive, leave it as is). Type your answer... 3 points What about the tax multiplier? (write it in absolute value, that is: if the number is negative, remove the minus sign: if it is positive, leave it as is). Type your answer... 5 points You have to choose one option: increase government spending or decrease taxes. Which will increase output the most? Explain why based on the last 2 questions & B Paragraph LENE U x 12pt