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28) (10 pts) Table 3 contains actual data for the US. Using your answers in parts 1 and 2 above as an approximate guide, consider

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28) (10 pts) Table 3 contains actual data for the US. Using your answers in parts 1 and 2 above as an approximate guide, consider that the "economic reopening" started in the first quarter of 2021 while the fiscal and monetary policies adopted earlier were still impacting the economy. Consider the data between 202101 and 2022Q1. a. Circle the impact that the reopening has had on aggregate supply: decrease; increase; stay the same b. Circle the impact that fiscal and monetary policies have had on aggregate demand: decrease; increase; stay the same c. (2 pts) Which impact has been stronger? In one short sentence, use data from the table to justify your answer d. (6 pts) In no more than 4 sentences, use the knowledge acquired in the course to assess the FED's monetary policy since the pandemic Table 3: US Real GDP and Inflation 2020 2021 2022 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 REAL GDP (Index) 116.6 106.2 114.2 115.5 117.2 119.2 119.8 121.9 121.4 121.1 INFLATION (%) 1.2 1.7 1.6 1.7 4.5 4.6 5.5 6.5 6.1

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