Assume the current GDP in this economy is $20 trillion. The labor force in this economy is 154,432,000. The population is 265,752,000. 9,765,000 people are not working but actively seeking work. The full-employment rate in the economy is 4.0%. The target rate of inflation is 2.0% and the current rate of inflation is 2.1% 1. What problem is the economy facing? Explain In detall using the data to support your conclusion. 2. If the government decided to use Government Spending to solve the problem you identified in Question 1, should they increase or decrease spending or keep it the same? Explain In detail 3. If the government decided to use Taxes to solve the problem you identified in Question 1, should they increase or decrease taxes or keep them the same? Explain In detall 4. Should government use the spending or the tax approach which you analyzed in Questions 2 and 3 to address the problem? Explain In detall why your choice Is the better option. 1. What could happen to make the policy you selected in Question 4 less effective? Explain In detail. Refer to the "Problems, Criticisms, and Complications" section In this week's reading assignment. Don't just make something up