Part II Fully explain with illustrations and in full sentences the reasons for criticisms of monetary policy practiced by the Federal Reserve Board to fight economic recessions and explain the reasons for alternative policy proposals by each group listed below. For full credit, use examples from class as appropriate and fully explain. A. Keynesian 1) Three criticisms of the FED and reasons for each criticism. 2) For each criticism, what alternatives and reasons are offered by this school of thought. Criticisms Alternatives