Please answer with proper sentence structure and diagrams to achieve all 4 marks. Thank you

(iii) The country of Padua is in long-run equilibrium and has an annual inflation rate of 2 percent. Suppose Padua is hit by a temporary AS shock that causes its inflation rate to double to 4 percent. (a) Evaluate the options that are available to policymakers in Padua in responding to the inflation shock. (4 marks)