2. Graphically show the impact of the following on the real exchange rate and the trade balance (a) Biden's administration passes large spending bill (b) World governments engages in expansionary fiscal policy.

Please show the solutions to all the question from 1-5. I need to know how to solve all of them

QUESTION 22 3 pol Suppose that • The Elasticity of Imports in the USA in the short Run is 0.5 • The Elasticity of Imports in Japan in the short Run is 0.6 • The Elasticity of Imports in the USA in the long Run is 0.9 The Elasticity of Imports in the Japan in the long Run is 1 According to the Elasticities approach to the Current Account Balance, if the Exchange Rate goes from Yen=$1/100 to Yen $1/50 . O The Current Account Balance will be unchanged • The Current Account Balance in the US will deteriorate in the short run, and improve in the long run O The Current Account Balance in the US will deteriorate in the short run and in the long run O The Current Account Balance in the US will improve both in the short run and in the long run

I added the front page for context only. Please do D, E, and F ONLY!