please help.

Name Review: Explaining Relationships (Economic Ones, anyway) It is time to practice explaining the effects of certain changes or macroeconomic policies. There are just a few varieties: expansionary and contractionary fiscal policies, expansionary and contractionary monetary policies, rising and falling interest rates, etc. So it's essential that you remember these basic relationships. Directions. For each change, show the effect on the graph and explain the effect ina sentence or two. Remember to explain AD/AS shifts! Feel free to look at your notes and the lectures if you aren't sure, 1. Change: Increase in interest rates 3. Change: Decrease in the reserve rate by the fed Explanation: Explanation: 2. Change: Purchase of bonds by the Fed 4, Change: Rising inflation Explanation: Explanation: 5. Change: Sale of bonds by the Fed 7. Change: Tax increase Effect on interest rates. Effect on interest rates. 6. Change: Increase in government spending (with 8. Change: Lowering of the required reserve ratio no tax increase) from 20%% to 10% Effect on interest rates. Effect on interest rates