Suppose the economy is in a recession. The government can either conduct expansionary monetary policies by reducing interest rates or increase government spending through stimulus checks. 1) Why should the government use expansionary monetary policy to fix a recession instead of a stimulus check? 2) Why should the government NOT use expansionary monetary policy to fix a recession and instead give stimulus checks? 3) Which of these two options do you believe is the best way to solve a recession? Explain why? Suppose the economy is overheated and inflation is becoming out of hand. The government can either conduct contractionary monetary policies by reducing interest rates or increase taxes to reduce consumption. 4) Why should the government use contractionary monetary policy to fix an inflationary gap instead of a raising taxes? 5) Why should the government NOT use contractionary monetary policy to fix an inflationary gap and instead raise taxes? Al Which of these two options do you believe is the best way to solve a recession