Please answer the following questions.

1. What is the U.S. unemployment rate as of Oct 2022 in %?

What is the U.S. inflation rate (measured as the monthly increase in CPI) as of Oct 2022 in %?

What is rate of growth of the U.S. real GDP in the 3rd quarter of 2022 in %?

2. Based on the above statistics, what is your assessment of the current U.S. economic condition?

Does the U.S. have inflation problem? Unemployment problem? Recession problem?

3. If the U.S. economy has problems, please suggest one monetary policy, and one fiscal policy to combat the problems.

4. Draw the AD, short-run AS, and long-run AS curves before and after your suggested monetary policy is implemented to analyze the impact of your policy. Please refer to the graphs in the text book before drawing.

5. Draw the AD, short-run AS, and long-run AS curves before and after your suggested fiscal policy is implemented to analyze the impact of your policy.