Hello, I would like help with this assignment Thank you! Monetary Policy Assume the economy is inflationary where Y>Y* and P<P* demonstrate the state of the economy graphically and explain. Assume the MPC for the US is 80% and the government decides to increase regulation on business such that the cost of doing business increases by 3% or $500 billion dollars per year in the aggregate. Demonstrate and explain your answer fully. What Monetary Policy should the Federal Reserve Implement? What choices do they have to effect this policy? Demonstrate and explain the effects of this policy on the economy? Hint use the 5 steps from class

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