What are the major strengths of monetary policy? What are the major strengths of fiscal policy? Which policy do you think is better to deal with the recession due to COVID-19? (To be specific, you also need to mention whether the policy should be expansionary or contractionary. What do you expect will happen to people's wealth during a severe recession? How did the Covid-19 pandemic affect consumers' purchasing power? What effect did the Covid-19 pandemic have on the aggregate demand curve