1) Scenario:  The economy is in a recession and the president invites three economists—A

1) Scenario:  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?

-Keynesian:
-Monetarist:
-NeoClassical:
2) Between the crises of the 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, which policies/thoughts would you incline to 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:
Post your answer (400-500 words) to the posted DQ responding to the matter asked, instead of repeating the question or not attending to the question. Substantive answers include making comments using concepts found in the assigned reading materials or offering examples from your experience. Hence merely providing a brief “yes, I agree” or “no, I do not agree” postings are not adequate posts
Write in correct grammar; any errors will translate to a deduction in points.