3. (2 points) For each of the 4 policy statements below, please decide if it is monetary or fiscal, and if it is stimulative or contractionary. For instance, if the policy statement is "Sending stimulus checks to the general population", you should decide that this is "stimulative fiscal policy". - Increasing the top income tax rates. - Increasing unemployment benefits. - Increasing short-term interest rates. - Announcing a plan to purchase mortgage bonds. 4. (2 points) The Federal Reserve has dual manudates of 1) stable prices and 2) maximum employment. What is most likely to happen to its ability to achieve those two mandates if the Federal Reserves pursues stimulative monetary policy? (a) This helps with mandate 1) but harms mandate 2). (b) This harms mandate 1) but helps with mandate 2). (c) This helps with both mandates. (d) This harms both mandates