You are an economics advisor to a U.S. Senator. TheSenator is interested in spon

You are an economics advisor to a U.S. Senator. TheSenator is interested in sponsoring legislation to address theimpact of rapidly rising medical costs and has commissioned you towrite a briefing paper on the subject.You know medical costs have risen faster than other consumercosts over the past decade and decide to utilize indifferencecurve analysis to demonstrate how the cost changes have impactedthe Senators constituents.Write your Topic Paper as if it were a briefing paper youwill deliver to the Senator. In it: demonstrate and document the trends in medicalcosts assume the Senator is not an economist and is not familiarwith indifference curve analysis provide some legislative suggestions to the Senator thatutilize your economic knowledge use our material cite your sources