The following report describes the current spending package proposed by the US Senate. Please discuss in full how you believe such government spending (G) will influence the US economy. Your essay should (1) explain, using aggregate supply and aggregate demand analysis, how the proposed government spending and package could affect the US economic growth and inflaon. (2) Use current GDP, unemployment in CPI data to explain which part of the aggregate supply curve best reflects the current state of the economy. (3) Explain, based on the current state of the economy, whether such fiscal policy will have an inflaonary effect on the economy and whether such fiscal policy will promote economic growth. (4) Your explanaon on this fiscal policy package must use the government mulplier to reveal how government spending affects aggregate demand. (5) Your explanaon should also discuss the potenal effect of this policy on the federal deficit. Your essay should be at least five paragraphs that separately address each of the number required explanaons, and your explanaon must include a figure of the aggregate demand and aggregate supply to refer to when explaining your view on this topic