Question: V5 Please answer the following two question on a piece of paper and upload it. 1. Show the effects of a tax increase in the

Please answer the following two question on a piece of paper and upload it. 1. Show the effects of a tax increase in the IS/MP-Phillips diagrams and explain in words. 2. If the central bank is able to respond immediately and cares only about keeping inflation at the initial level, what should the central bank do and what will be the effects? Show in the IS/MP- Phillips Curve diagrams and explain in words

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