Mainstream economists usually favor the use of monetary policy over fiscal policy to counter the impact of business cycles.

A-Briefly explain why economists aregenerally skeptical about the use of fiscal policy to counter the impact of businesscycles.(4points)

B-Give2reasonswhy monetary policy is generally a more appropriate tool to counter the impact of businesscycles.(4points)

C-Nevertheless,duringthe GreatRecession(2007/2009)mosteconomist advocated an active role for fiscal policy.Use your knowledge of the AS/AD model to explain why this may be the case in majorrecessions.(4points)