For this assessment, you are playing the role of an economic advisor for the president of a fictitious country. The real GDP of a country has declined significantly over the last three quarters. The president of the nation calls together four economists representing the classical, Keynesian, monetarist and supply-side schools of macroeconomic thought. Write your answer to the following prompts: Explain what policy recommendations each of the four economists would make and why. Explain how their policy recommendations affect output, price level, and unemployment in the short run and long run. Using the AD/AS model, demonstrate graphically how each proposal could work