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PrintPreferencesHelpLab 7 (Question 1)Name: Elvin LugoDate: 2019-07-05 16:10Question 1 [6 points]Suppose the central bank decides to use its power to set the money supply constant. Use the moneymarket diagram below to show what happens to the demand for money and answer what happens to themoney supply and interest rates if real output increasesa)Show what happens to the demand for money in the money market diagram. b)Fill in the blanks with their appropriate movements in the following statement. Marking:In this situation, the money supply will .