Select only 4 questions (different policies) to answer out of 12 questions. Please explain briefly and concisely for each question. Also please indicate clearly which questions you choose to answer by stating the whole question being selected before you answer. Q2. (50 points) Refer to the information below, use the 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 Presidents' policies on output, good prices, inflation and unemployment. You must show graphically, such as how each event affects AD,SRAS or LRAS curve and answer how each event affects real GDP (Y), Price level (P), inflation (1T) and Unemployment (U). 1. President Trump increased income tax rates. 2. A $1 trillion increased in spending on roads, bridges, and other infrastructure projects. 3. Changing the financial regulations to make it easier for banks to make loans. 4. Changing trade agreements to reduce imports from Mexico and China and to make it difficult for companies in the US to move their operations abroad. 5.The Federal Reserve raised the federal fund rate three times (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) 9. Investing in education and workforce training programs can enhance human capital and improve long-term economic prospects. The government might have increased funding for vocational training, apprenticeships, or higher education to equip workers with skills needed in emerging industries. 10. Biden proposed changes to the tax code to fund his spending priorities and address income inequality. This included raising the corporate tax rate from 21% to 28% and implementing measures to ensure that wealthy individuals and corporations pay their fair share of taxes. Biden also proposed expanding tax credits for low- and middle-income families, such as the Child Tax Credit and Earned Income Tax Credit. 11. During the 2008 financial crisis, the U.S. government passed several stimulus packages aimed at boosting economic activity and preventing a deeper recession. 12. During the 2008 financial crisis, the Federal Reserve aggressively lowered its target for the federal funds rate, the interest rate at which banks lend reserves to each other overnight. By reducing interest rates, the Fed aimed to stimulate borrowing and spending by businesses and consumers, thus supporting economic activity. 6. President Biden's plan will: Give working families a $1,400 per-person check to help pay their bills, bringing their total relief payment from this and the December down payment to $2,000. President Joe Biden signed the $1.9 trillion coronavirus relief package on Thursday afternoon in 2021. 7. How did the COVID 19 affect the world economy? 8. Wage rate increases after the COVID 19 due to the labor shortage