Q1. Explain the effects, on an economy of your choice, of recent changes in UK government policy using the ASAD model. What are the predicted outcomes of the model? Q2. What is an inflation trap? Explain how quantitative easing was used in the UK in the aftermath of the Great Recession to try and escape this trap. each question 550 words, no reference, just need citation When writing down your answers , please follow this structure (as suggested by David). Below I comment where to take the information from, for each item on the list. 1.Introduce and explain the key economic ideas and model ?take this from lecture material 2.Apply the model to the firm/market/country of interest in a specific manner ?you can either come up with your own example, or, if you struggle, use the examples of firms and countries in the lectures, as well as Group Exercises (e.g. in the end of Lecture 6) and Debate Exercises (e.g. in the end of Lecture 7). Especially useful is the whole of Lecture 8 (case study). 3.Provide an outcome or recommendation for the application ?