Questionn : go on the web and learn the specific monetary and fiscal policy changes (don't forget taxes) that occurred in 1937.Use what you have learned about GDP, production costs and aggregate demand and aggregate supply to project the most likely results of those changes. Next consider the Great Recession and the policy responses. Consider both monetary and fiscal policy. In other words, compare these two events and explore what lessons and cautions were and/or may be learned from that comparison.

Think in terms of an economic policy advisor. Use references.