Please explain 31-40. This is a complete question asking for broad/logical answers. There is no missing data or graph. Thanks (:

Consider the IS-LM model we learned in class. Recall the y-axis is the interest rate and x-axis is the output 31. (3pt) Derive the IS curve. 32. (3pt) Derive the LM curve. 33. (3pt) Use IS-LM model to explain how equilibrium output and equilibrium interest change if the government increase the government taxation You only need to explain the direction and don't need to explain the magnitude. 34. (3pt) Use IS-LM model to explain how equilibrium output and equilibrium interest change if GDP deflator increases (or prices go up). You only need to explain the direction and don't need to explain the magnitude. 35. (3pt) If the equilibrium output goes up and equilibrium interest rate also goes down in a IS-LM model. How would the household consumption change in the equilibrium? You only need to explain the direction and don't need to explain the magnitude.The following questions are based on the labor market model 36. (BM) Write down the equation for the WS-relation. Note this should be an equation that involves W/P, a, and 2. Use English to explain what this relation means. 37. (3pt) What assumption did we make about the expected price P'3 when we derive the WS-relation equation? 38. (3m) Write down the equation for the PS-relation. Note this should be an equation that involves W/P, A. and m. Use Enlgish to explian what this relation means. 39.(3pt) What assumption did we make about the production function Q when we drive the PS-relation equation? llo. (3pt) Draw both WS and PS relations in the same graph and label the equilibrium real wage and the equilibrium unemployment rate. Nate real wage is on the vertical axis and unemployment is on the horizontal axis