1. Should the government use monetary and fiscal policy to stabilize the economy, or should it adhere to policy rules and refrain from upsetting the economy? To answer this question please compare and contrast the view of Keynesian economics to Monetarist economists.

2. What would the Classicals have thought about the Fed's handling of the financial crisis? Compare the Classicals' view to Monetarist 'view Fed's handling of the financial crisis.