I'm not sure if I am doing this correctly, please show anyformulasand yourcalculations. I really want to know if I'm correct on this so I really appreciate the help!

Assume that the current state of the US Economy is given by the following data: . Unemployment rate = 4.0% . Inflation rate = 10.0% Fast economic growth A. Based on this data, describe the current state of this economy. (Is economy suffering from inflation or recession) (2 points) B. Based on this data, what would be an appropriate monetary policy? (In your answer you should refer to monetary policy tool used by the fed in the last two decades). (2 points) C. Explain the effect of the policy stated in section B on Money Supply, Aggregate Demand, real GDP, unemployment and price level. (4 points)