Suppose that the trade wars between the US and its trading partners have escalated and curtailed both the US exports and imports. Suppose as a chairman of the US Federal Reserve you found at the end period the drop in US exports far outweighs the drop in US imports. Knowing such an impact, as a chairman of the Fed, name a monetary policy you'd implement to help put the US economy back to its long-run equilibrium.Using the AD-AS framework below, show and explain the shot-run and long-run impact of the trade-wars and of the monetary policy you implemented on the US economy; Assume other things constant and that the initial impact is unanticipated. Explain which curves shift and why. Label curves clearly. Identify the new equilibrium in the short-run and the long-run.