Hi please help answer the following questions with as much explanations as possible. The first two photos are related. Use the graph to answer questions 1-10.

Extending the Full Employment Equilibrium The government has asked you about some possible solutions to the problem caused by the oil shock we discussed earlier in the semester. They have asked you to outline policies by categories {Monetary and Fiscal}. Explain how these policies would shift the AS or AD curve for the policies you discuss. You will need to draw graphs to show the eects of your policy recommendations. Monetary Policy: Fiscal Policy: Application of Ination1 GDP, Income, Employment, AS, AD, Monetary and Fiscal Policy analysis all in one. Your nominal wages are 20,000 a year. The labor force is 2.5 million and is unchanged by the oil shock. Before the oil shock the price level was and GDP was . The economy has been shaken by a sharp increase in the price efemcle oil. Because of this oil shock the economy has moved away from its full employment level of GDP and is experiencing a 1 percent increase in the unemployment rate. The BLS released a report stating that the tmernpleyrnent rate at the new equilibrium is new at 5%. A Full Employment Equilibrium 1) Estimate the CPI index in the base year. 2) How much would a basket of goods that east $5,tltl in the base year cost it\" the CPI is 121?? 3) 1What is the unemployment rate in this question if the economy is operating at full employment? 4) Estimate the # of unemployed in the economy at the ll employment level of GDP. 5) What type of workers do we expect to be unemployed at full employment? 6) How will this oil shock to the economy effect GDP and the Price Level? Draw the new equilibrium after the oil shock and label the new Price Level and GDP (this is not a random calculation, there is an exact GDP value that can be calculated using the information in this assignmentthe Price Level cannot be calculated in this question}. 7) How will this oil shock to the economy affect the Price Level? B) How will this change in the Price Level affect your real income? 9) Estnate the # of unemployed in the economy at the 5 percent metuploytuent rate. ltl) Explain the three main categories of unemployment present when the economy is operating at a 5 % unemployment rate