For the Discussion topics, please use the space provided and do not attach documents containing your words. If you have a picture or graphic that is relevant, then you can attach that. After reviewing your chapters and watching the video below, answer the questions presented. Economic Schools of Thought: Crash Course Economics #14 Duration: 10:05 User: n/a - Added: 11/6/15 YouTube URL: Economic Schools of Thought: Crash Course Economics #14 Questions: 1. Economists believe in the "Long-run neutrality of money"; what does that mean? If monetary policies help in the short run but do not help in the long run, should we not bother with those policies? What does this tell you about the current monetary policies of the Fed? 2. Application 3 in Chapter 15 (page 324) suggests increased health care expenditures will crowd out other expenditures. What component of GDP do you think will suffer? Using that same argument, Nebraska frequently debates legalizing casino gambling. Proponents say the additional entertainment dollar expenditures will be great for the economy. Opponents say it will only crowd out the entertainment expenditures elsewhere. Without debating the merits of gambling itself, which position do you take? 3. If you had to choose, would you say you side more with the Classic economists' viewpoint or the Keynesian economists' viewpoint? Explain at least three reasons why