During an economic recession caused by the pandemic, the government of Papus New Guinea is considering to support the economy and thus getting advice from economic experts. Evaluate the policies adtIised by different economists separately by addressing relevant theories and key points related to policy effectiveness. Use diagrams if necessary. (a) Economist 1: The Central Bank should implement expansionary monetary policy by de- creasing the policy rate. Even if the interest rate hits zero, the Bank can use a quantitative easing to support economic growth and employment. [7] (b) Economist 2: The government should implement expansionary scal policy by increasing government expenditures with a tax cut for every citizens. By increasing expenditures. on long-run investment projects, the government should be able to manage the economy out of recession quickly. [7]