Week seven of macroeconomics investigates monetary policy. The Federal Reserve conducts monetary policy to affect the level of GDP, unemployment and inflation. Fully explain the following: a) why the fed implemented expansionary monetary policy in response to the pandemic b) why the fed implemented contractionary monetary policy beginning in March of 2022 c) the challenges of orchestrating a "soft landing". Use bullet points to explain answers. Part a & b only require one bullet point each. Part c demands a detailed economic explanation. Refer to the WSJ video "Why Soft Landings Are Basically Economic Nirvana" to construct a detailed answer to part c of the