1) If the economy is in a recession and the president invites three economists—A Keynesian, a monetarist, and a new classical—to offer explanation and policy options, what would each say in two sentences or less?
2) Between the crises of 1930s and 2008, what are (mention two for each):
a) the similarities?
b) the differences?
3) If you were an influential economist, to prevent deep recessions in the future, what policies/thoughts would you offer?
Use as many economic principles (from the textbook and other sources) as you can in answering the questions.
As a guideline, each of the 10 points will be derived from the following:
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