Use this scenario for the following four questions: Suppose the economy is in recession and employment is below the full-employment level. Describe three alternative responses available to policymakers when the economy is in recession. (1) make no change in macroeconomic policy, (2) increase the money supply, or (3) increase government purchases. (1) make no change in macroeconomic policy, (2) increase the money supply, or (3) decrease government purchases. (1) make no change in macroeconomic policy, (2) decrease the money supply, or (3) decrease government purchases. (1) make no change in macroeconomic policy, (2) decrease the money supply, or (3) increase government purchases