Consider the Following Multiplier Model Diagram

Essay

Consider the following multiplier model diagram:
For each of the following,draw a picture to show what would happen to the equilibrium level of income in the economy.
(a)Consumers,in their delight over the Dow Jones Industrial Average reaching 15,000,decide to go on a spending spree.
(b)Between 2000 and 2009 the euro increased in value by over 30% relative to the U.S.dollar.
(c)The prospect that the Social Security system will not be viable beyond the year 2017 has many,many people saving more of their income than ever before.