Use the links below for unemployment data and for GPI data to answer the questions.

https://datacommons.org/place/country/USA?utm_medium=explore&mprop=amount&popt=EconomicActivity&cpv=activitySource%2CGrossDomesticProduction&hl=en

https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm

1. Where do we seem to be in the economic cycle? Are we in a period of expansion or recession? What economic problem or problems does the data show us?

2. What can the Federal Reserve do through Monetary policy to help the problem identified in question 1?

3. What does the Fed have to be careful of in fixing this problem - what might happen if they go do far in fixing this problem?