Help with questions!

data and questions: https://docs.google.com/document/d/1KYwCt7Wo9KoEYrNQcrxrXlFiUjgkZYfUrY59yUyqtZM/edit?usp=sharing

The date is 05/20/2021. You were hired six months ago by your congressional representative as a policy advisor. Your boss has been very impressed with your insight and research, and has promoted you to be the primary economic policy advisor! As you are reading the economic news today, you come across the following headline: "Gas Rationing Set to Begin Monday". The article is discussing how an energy embargo imposed by the Oil Producing and Exporting Countries (OPEC) against the United States a year ago has resulted in a sudden, unexpected decrease in the supply of oil and, as a result, a sudden and unexpected jump in energy prices. You go out and collect the following information: Macroeconomic Indicator Value of the indicator Source of the Indicator Current output $1.549 Trillion Congressional Budget Office ("CBO") Est. full employment output $1.7 Trillion CBO Current rate of unemployment 8.10% Bureau of Labor Statistics ("BLS") Est. natural rate of unemp. 5.5% CBO Current inflation rate 11% BLS Target rate of inflation 2% Federal Reserve Current Fed Funds rate 2.1% Federal Reserve Current MPC 0.80 CBO Current Reserve Ratio 10% Federal Reserve Your congressman is concerned about the current state of the economy. Your job is to prepare a Policy Memo to fully brief your congressman about the current state of the economy. Your Policy Memo should 1) explain the current state of the economy, 2) Identify both a fiscal policy solution and a monetary policy solution, 3) describe the potential down-side to those policy solutions, and 4) make a final policy recommendation. Good Luck