Think of the Phillips curve equation t = t1 + vYt + o I mostly only need help with C, but if you could help with all that would be great! (a) Draw the Phillips curve diagram. Make sure to label the curves and axeses properly. (2 points) (b) Suppose you're the head of Central bank and you observe the inflationary pressures Ukraine-Russia war has created in the US economy. Which parameter would capture the observed inflationary effects on the Phillips curve? Draw the effect of this on the Phillips curve? Make sure to label before and after carefully. (Note: You can re-draw your graph from part a) and show the effect on it.). (5 points) (c) Suppose MP rule is Rt r = m (t ). Briefly comment on what action FED would take to control the inflation and why. In Figure 1 below you see the actual data on Federal Funds Rate. Is this in line with your advice or not?