Please answer part a and b. Thank you!

(10 points) Refer to the information below, use the appropriate tools that we discussed in class, including monetary policy, government policy, money market, the AD-AS and Phillip curves model to analyze the impact of the Trump's policies and Biden's policies on output, good prices, inflation and unemployment. a. Trump lowered corporate tax rates, but Biden increases an additional $4 trillion in tax revenue by increasing the top tax rate to 39.6%, taxing capital gains at ordinary rates, and raising the corporate tax rate to 28%. b. The Federal Reserve raised the federal fund rate (Hint: When the Fed raises rates, it's called contractionary monetary policy. A higher fed funds rate means banks are less able to borrow money to keep their reserves at the mandated level. As a result, they lend less money out)