Study of China's Economy 2.What kind of output gaps did the country face during 2020? Was it an inflationary or recessionary gap? How is it important for your analysis? 3. Does the central bank have a target for the inflation rate? If yes, what is the implication of the target for their economic policies? 5.What kind of fiscal policies did the chosen country follow in 2020? What tools did the government use to impose fiscal policies during 2020? And how was it important for the business? Explain in detail the programs that the government used during 2020 and the implications of the policies for the economic conditions of the time. 6.What kind of monetary policies did the chosen country follow? What tools did central bank use to impose monetary policies? And how was it important for the business? Explain in detail the programs that the central bank used during 2020 and the implications of the policies for the economic conditions of the time. 7. Did the central bank use asset purchasing programs? What is the implication of the programs on government debt? 8. What is the implication of the fiscal and monetary policies for future inflation