Question: Using the IS-LM framework forecast what you would anticipate happening to interest rates (r) and GDP (Y) in the following scenarios ( show the graphs

Using the IS-LM framework forecast what you would anticipate happening to interest rates (r) and GDP (Y) in the following scenarios (show the graphs for full credit):

a. Consumer confidence declines

b. Prices adjust upward

c. Business expect profits to decline in the future

d. The Federal Reserve enacts a contractionary monetary policy at the same time that the federal government increases spending

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