Long Question 2 Homework Unanswered Suppose there is a negative output gap while inflation is high. Draw a graph that best represents such economic condition (1 point). What the Fed should do if it targets inflation? Describe both in words and with a graph (1 point). What ifthe Fed targets potential output? Describe both in words and with a graph (1 point). What if the Fed does not intervene? Describe the long run self correcting process both in words and with a graph (2 points) For this assignment you do not need to show me graphs. Just type your answer below