311 point] In relation to governments' tampering with fiat money, gold has been called "t Explain what this expression means. the ultimate burglar alarm" 4*[3 Points] Suppose the free floating exchange rate between the US. dollar and Yuan $1-4 Yuan , ie., Yuan 4 Yuan 8 . Assume that China wants to maintain a weaker Yuan at the rate of $1 8 Yuan, i.e., S a)What actions by the central bank of China is required to make this weaker rate to be binding (to be an effective price floor)? Draw a completely labeled graph, and explain possible action(s) by China's central bank and briefly, explain the macroeconomic impacts in China 311 point] In relation to governments' tampering with fiat money, gold has been called "t Explain what this expression means. the ultimate burglar alarm" 4*[3 Points] Suppose the free floating exchange rate between the US. dollar and Yuan $1-4 Yuan , ie., Yuan 4 Yuan 8 . Assume that China wants to maintain a weaker Yuan at the rate of $1 8 Yuan, i.e., S a)What actions by the central bank of China is required to make this weaker rate to be binding (to be an effective price floor)? Draw a completely labeled graph, and explain possible action(s) by China's central bank and briefly, explain the macroeconomic impacts in China