Question 2. It is often argued that monetary policy has to be conducted by an independent central bank to keep governments in check. During crisis times (like now), there seems to be a lot of coordination. Explain this apparent contradiction. (25 marks) Question 3. Is free wifi at train station a public good? Elaborate (25 marks) Question 4. There has been trend over the past year or two for many EU nationals to leave the UK, related to Brexit and the current pandemic. Discuss the macroeconomic effects of this trend based on the AD-AS framework. (25 marks) Question 5. Let's take a peek into the post-pandemic future. Unemployment has gone up, though slowly due to the economic consequences of the pandemic. However, there are concerns that this unemployment might increase further after the end of the pandemic and stay high for some time to come. Discuss with reference to different types of unemployment and the post-pandemic economic recovery process. (25 marks)