Part 2: Data and graph analysis: Please, access the link below-FRED data-the Ec

Part 2: Data and
graph analysis:
Please, access the link below-FRED data-the Economics
Research division of the Federal Reserve Bank of St. Louis.
https://fred.stlouisfed.org/
Locate the graph for the macroeconomic variable listed below:
Consumer Price Index: Total All Items for the United
States (CPALTT01USM657N)
Explain the current economic situation in terms of what
contributed to high inflation rates in the economy in March 2022. What are the
causes of inflation in March 2022? (Hint: Explain the causes of inflation in
the context of AD-AS model). Collect data on CPI for March 2021 and March 2022.
Compare the data. What can the FED do to combat inflation?