Assume that the current state of the US Economy is given by the following data: Unemployment rate = 9.0% Inflation rate = 2.2% Large budget deficit Based on this data, describe the current state of this economy. (Is the economy suffering from inflation or recession) Based on this data what would be an appropriate monetary policy? (In your answer you should refer to appropriate policy tool). Explain the effect of one of the policies stated in section B on Money supply Aggregate demand, RGDP, unemployment and price level