Answer the following questions based on the textbook link I will attach! Draw th
Answer the following questions based on the textbook link I will attach! Draw the graphs for the ones needed! Textbook link: https://openstax.org/books/principles-macroeconomics-2e/pages/1-introduction What is a “basket of goods and services,” and what is it used to measure? Explain how this measurement is calculated. Between 2000 and 2006, average house prices almost doubled in the US. This was great news for homeowners; for many, it meant that their most valuable asset, their house, was worth almost twice as much. Explain how this increase in household wealth would affect household spending across the country. Your answer should be based on the required readings and material presented in class. In November of last year, Congress approved spending $65 billion over the next ten years to repair highways, bridges, ports, and other parts of the country’s infrastructure. What is this type of policy called? Use the AD/AS model to explain the impact this bill will have on the US economy. Illustrate your answer with a diagram. The US Federal Reserve announced on Wednesday that it was going to use a monetary policy that would cause interest rates to rise across the economy. What is this type of monetary policy called? Why is the Fed using this monetary policy now? Using the AD/AS model, explain how this policy will affect the US economy. Illustrate your answer with a diagram. List and explain three tools of monetary policy that the Fed could use to cause interest rates to rise, and explain how the tools would be used to cause the rates to rise.

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