Choose an economy (for example, a country or a city) you are familiar with.

1. Find out the GDP growth rate of this economy for the second and the third quarter of 2020. (Please state the comparison period of the growth rate. Preferably, choose the growth rates over the same period in the previous year.) Also find out the corresponding growth rates for each component under the expenditure approach, and the inflation rates.
2. With reference to the relevant events happened in these two quarters, discuss why each expenditure component change in this way.
3. BasedontheAD-ASframeworkwithanappropriatediagram, discuss how the events happened in these two quarters have led to the observed growth rates of GDP and inflation rates in these two quarters. (You may use the inflation rate and GDP growth rate as the variables in the AD-AS model.)
4. Find out and describe several measures of fiscal and monetary policies adopted in this economy in these two quarters.
5. Based on the AD-AS framework with an appropriate diagram, discuss how these fiscal and monetary policy would work in the current situation.

Please answer as detailed as possible~~ Thank you. Also, provide source of additional informationand Scale the diagrams appropriately